‘No Timing’ on VA Summary Prospectus: SEC’s Nash
Nash also said she “couldn’t predict” where such a rule proposal falls among the SEC’s priorities.
FINRA and SEC Warn About Annuity Risks
FINRA is looking closely at disclosure, suitability and yield-chasing practices associated with VAs.
SEC ‘Seriously Considering’ Simpler VA Prospectus
Investor demand for an alternative to the 150- to 300-page VA prospectus remains strong, according to a just-released survey by the IRI, and the SEC is “seriously considering” approving shorter documents.
U.K. FSA Expects High-Level Dialogues with U.S. SEC
LONDON--Hector Sants, managing director, wholesale and institutional markets division of the U.K. Financial Services Authority, addressed a conference the FSA is hosting on the issues facing the asset management industry as well as its regulators. He expressed his pleasure that Susan Nash, of the Securities and Exchange Commission, was at...