Agents and brokers nationwide could be affected by the SEC’s recently proposed rule, which mandates that indexed annuities be treated as securities. If finalized, Rule 151A would require those selling IAs to abide by federal securities disclosure and sales practice rules, drastically altering the business of agents selling fixed insurance products. To help insurance professionals navigate this territory and make out their next step, Agent Media has partnered with NAFA to launch a Web site dedicated to providing information on the proposed rule and its implications. Along with extensive resource and news links, the site will host a forum where producers and wholesalers can share their knowledge, experience, and opinion on the issue. The mission is to educate all as to how rule 151A would impact the industry and provide continuing development on the matter.
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