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SEC giving you a voice in annuity regulations?

The SEC wants to hear from you on the proposed rule on federal regulation of index annuities. As reported in Investment News:

Were the rule to be approved, the products would come under the jurisdiction of the SEC and the Financial Industry Regulatory Authority Inc. of New York and Washington.

Personally, I see this is a good thing. Things are a little “wild wild west” for our tastes, and putting them under regulatory control will elminate much of the non-consumer friendly practices taking place. So support the proposed change with your comments!