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.
June 24, 2015
Investors turning to alternatives
June 22, 2015
The problem with a one man wrecking crew
June 16, 2015
In buyout funds, does it really pay to diversify?
June 12, 2015
Mercer launches pension risk exchange