NASAA Support SEC Equity-Indexed Annuities Proposal

9/11/2008

WASHINGTON, D.C. September 11, 2008—The North American Securities Administrators Association (NASAA) today endorsed a proposed rule by the U.S. Securities and Exchange Commission that would subject equity-indexed annuities (EIAs) to regulation under the federal securities laws and would help protect millions of investors across the country, many of them senior citizens, from the fraud and abuse that is taking place in the sale of EIAs.

 

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