The bulletin incorrectly states that if an index used for a fixed annuity falls, the value of the annuity account can also fall and it emphasizes that the products are highly complex.
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SEC Appears to Be Lukewarm on Indexed Annuities
The “Investor Bulletin: Indexed Annuities” recently issued by the SEC’s Office of Investor Education and Advocacy appears to imply that the regulator is lukewarm on indexed annuities and doesn’t fully understand the product. So reports ThinkAdvisor.
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