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Times Reports On Variable Annuity Investigations

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NU Online News Service, Jan. 30, 2004, 5:38 p.m. EST – The New York Times says regulators are looking hard at variable annuities.[@@]

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NASD, Washington, is investigating allegations about trading abuses at about a dozen insurers and brokers in connection with VA sales, and New York state regulators are investigating allegations of trading abuses at a dozen or more insurers, according to an article that appears in the newspaper today.