New SEC RILA Rules Accentuate the Negative, Commissioner Says
July 10, 2024 by Allison Bell
The new U.S. Securities and Exchange Commission regulations for registered index-linked annuities and another product, market-value-adjusted annuities, reflect anti-RILA bias, according to SEC Commissioner Hester Peirce.
The SEC announced Monday that it has completed regulations that will let life insurers register RILAs and MVA contracts on the relatively simple SEC Form N-4, rather than using the same long, complicated Form S-1 that giant companies use to go public.
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Wink’s Moore on the Market: And in more strange news-
An U.S. Securities and Exchange Commission commissioner is siding WITH annuities. -sjm