TITLE

Coalition Files Suit to Block SEC Indexed Annuities Rule

AUTHOR(S)
Lehmann, R. J.
PUB. DATE
March 2009
SOURCE
Best's Review;Mar2009, Vol. 109 Issue 11, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36931293

 

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