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July 29, 2009, Featured Articles, Regulations/Legal , Annuities

Will SEC Rustle Insurers’ Cash Cow?

By Kerry Pechter   Wed, Jul 29, 2009

A federal appeals court has ruled that index annuities are risky enough to be called securities, but it also gave insurance forces time to pursue a legislative remedy in this regulatory turf war.

Not much was permanently resolved last week by a federal appellate court's decision in the matter of American Equity Investment Life et al. v. the Securities and Exchange Commission, in which the fixed indexed annuity (FIA) industry is challenging the SEC's right to regulate its product.


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