NU Online News Service, Dec. 22, 2004, 10:05 a.m. EST

The U.S. Securities and Exchange Commission is considering an issue that could affect life insurance companies with broker-dealer operations.[@@]

The SEC has scheduled an open meeting for 10 a.m. today in Washington. One of the issues on the agenda is a staff recommendation regarding the application of the Investment Advisers Act of 1940 to certain broker-dealers.

The SEC says it put the issue on the agenda on short notice because no earlier notice was possible.

The SEC has posted the meeting notice at http://www.sec.gov/news/openmeetings/sunshine_121704.htm