Sunday, December 28, 2008

New Rules for Equity-Indexed Annuities

The SEC summarizes the principle characteristics of equity-indexed annuities. The sale of equity-indexed securities has grown from $23 billion in 2004 to $123 billion today. Recently, the SEC approved new rules meant to protect seniors from abusive practices related to the sale of equity-indexed securities. The rules extend investor protections to equity-index securities beginning in 2011

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