Coalition Files Suit to Block SEC Indexed Annuities Rule

Lehmann, R. J.
March 2009
Best's Review;Mar2009, Vol. 109 Issue 11, p16
Trade Publication
The article reports on the lawsuit filed by the Coalition for Indexed Products to block the U.S. Securities and Exchange Commission's (SEC) rule that would define most indexed annuities as securities products. The coalition alleges that SEC violated the Administrative Procedures Act when it adopted the rule in the absence of due consideration of objections raised by state regulators, legislators and insurers. Moreover, the rule is scheduled to take effect in January 2011.


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