Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
EIA~Boy is this action overdue...
Old 07-30-2008, 02:03 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,880
EIA~Boy is this action overdue...

It's about time that this sleazy annuity product is being considered by the SEC as a security product not just an annuity product.

Quote:
Concerned about reports of unsuitable index annuities sales to seniors, the Securities and Exchange Commission approved a proposal on June 25 that would, for the first time, classify index annuities as federally regulated securities.

The agency gave interested parties until Sept. 10 to file comments or objections to the proposed change and said that the rule would go into effect 12 months after it is published in the Federal Register. It could be published by the end of 2008 or in January 2009, an attorney familiar with the SEC action said.
SEC Poised to Regulate Index Annuities - Articles - Financial Planning=
__________________

__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-30-2008, 02:29 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Heh, a lot of scumbag annuity salesmen are going to be cut off from their favorite, highest commission product.
__________________

__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 07-30-2008, 03:00 PM   #3
Full time employment: Posting here.
CitricAcid's Avatar
 
Join Date: May 2008
Posts: 546
Prey on more innocent people after you get your securities license?
__________________
CitricAcid is offline   Reply With Quote
Old 07-30-2008, 05:17 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Quote:
Originally Posted by CitricAcid View Post
Prey on more innocent people after you get your securities license?
Securities regulations are far more stringent and more thoroughly enforced than insurance regulations. ArtG and his ilk will have to be careful...
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Oh Boy your boy Bush and the Nuke triggers to Taiwan. newguy88 Other topics 2 03-26-2008 05:00 PM
Roberts Rule of Order In Action, Or Shut Up White Boy poboy Other topics 0 12-22-2007 01:50 PM
Long overdue introduction… lucija Hi, I am... 3 10-01-2007 04:05 PM
Long overdue introduction... skyline Hi, I am... 35 04-09-2007 09:34 AM
Insurance company trashes EIA mickeyd FIRE and Money 0 11-01-2006 02:43 PM

 

 
All times are GMT -6. The time now is 01:20 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.