News and Notes

SEC Ruling
The SEC issued a statement on June 25, 2008 elaborating on the proposed rule to regulate Indexed Annuities as a security.  FIG is actively involved on boards and task forces with industry groups such as NAFA to ensure regulators are making educated decisions. The details of the proposed rule change are not clear so any conclusions would be speculation at this point.  There will be a long approval process of any proposed rule change without any guarantee it will be enacted as law.  NAFA will be issuing a response to the SEC statement. FIG will continue to communicate any updates that we receive. If you have questions, please contact us at 800-527-1155.

Click here to read Aviva's response to the delay of 151A
Click here to read about the 2-year stay of SEC ruling
Click here to read SEC's offer to delay 151A implementation
Click here to read the SEC supplemental brief
Click here to read the SEC ruling.
Click here for a statement from Raymond James.
Click here for Aviva's response to SEC.
Click here for Q&A about the SEC Proposal.
Click here for ING's response to SEC.
Click here for Jack Marion's comments on SEC proposal.
Click here for NAFA's comments on the SEC proposal.
Click here for Agent Talking Points.
Click here for Rule 151A Letter to Congressman.
Click here for The Case for State Regulation.
Click here for NAFA's response to the Raleigh News and Observer and Charlotte Observer.
Click here for Financial Independence Group's comments on the SEC proposal.
Click here to read the Congressional Extension Report.
Click here for FIG's agent announcement
Click here for the NAFA Press Release