Democratic representative Gregory Meeks, along with republican representative Tom Price, has introduced the Indexed Annuities and Insurance Products Classification Act of 2009, a bill intended to preserve state authority over indexed annuities.
H.R. 2733, which has been referred to the House Committee on Financial Services, would reverse Rule 151A, which classifies indexed annuities as securities and, therefore, makes them subject to regulatory oversight from the SEC and the Financial Industry Regulatory Authority, or FINRA.
April 21, 2015
Regulators question suitability of some advice
March 18, 2015
Northwestern Mutual to pay $84M to settle annuities suit
March 12, 2015
The top 20 variable and fixed annuity sales in 2014
March 10, 2015
This is where the most likely annuity buyers live
March 9, 2015
Corporate pension annuity sales more than double