SEC’s lawsuit is a stretch to regulate insurance, lawyer says

August 23, 2023 by Emile Hallez

An SEC case against a Massachusetts advisor has big implications for the regulator’s oversight of insurance products, a law firm cautioned in a brief filed Monday with the federal court.

Click HERE to read the full story via InvestmentNews

Wink’s Moore on the Market: More on the Cutter case…

He made over $1M/year in annuity commissions???

Isn’t that pretty high? What is typical?

As for “The SEC’s position is that it has jurisdiction over indexed annuities that are securities, which usually have prospectuses for investors.”-

There are no indexed annuities that are regulated as securities today.

Thanks for the read this morning in InvestmentNews, Emile Hallez! -sjm

Originally Posted at InvestmentNews on August 21, 2023 by Emile Hallez.