|
|
NASD Plans "Sweep" Exams of Brokerage Firms To Detect Purchases of Equity Indexed Annuities
The NASD has cracked down on unsuitable sales of variable annuities. Now, it is adding focus to sales of equity indexed annuities.
Recently the NASD announced that it would conduct sweep exams to detect sales of variable annuities in order to raise proceeds to buy equity indexed annuities.
This is part of securities regulators' continuing efforts to protect senior investors. The NASD particularly is concerned with the appropriateness of equity indexed annuities for seniors.
Source: Investment News, April 10, 2006
|
About Us
|
News
|
Alerts
|
Articles
|
Caveat Emptor
|
SNSFE News
|
Research
|
Calendar
|
Contact
Register
|
Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2005-2007 FinancialCounsel.com, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
|
