SEC Updates Indexed Annuity Investor Bulletin
August 5, 2020 by Allison Bell
The U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy has updated the SEC’s Indexed Annuities investor bulletin.
Investors bulletins are not official batches of SEC guidance, but they may reflect the kinds of questions SEC officials are getting about a topic.
The investor education first posted the indexed annuities bulletin in August 2019.
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The SEC spent years trying to get the authority to regulate all indexed annuities as securities, the way it regulates ordinary variable annuities and variable life products as securities.
Congress blocked the SEC from automatically regulating non-variable annuities, which protect the holder against loss of account value, as securities. Instead, life insurers can file indexed annuities with account value guarantees as non-variable annuity products.
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