SEC draws ire with indexed annuity misstep
August 21, 2019 by Greg Iacurci
The Securities and Exchange Commission caused concern among the financial advice and insurance communities this week when it published an inaccurate investor bulletin about indexed annuities.
Click HERE to read the full story via InvestmentNews.
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“There’s no excuse to be disseminating misleading and inaccurate information like this,” said Sheryl Moore, president and CEO of an insurance consulting firm. “You are the department of investor education, and you need an education on what you’re talking about.”
First-quarter product sales of $3.5 billion were up 60% over the same period a year earlier, according to market research firm Wink Inc. Insurers sold an aggregate $11.2 billion of structured annuities in 2018.
