A top official at the National Association of Securities Dealers echoed her boss’s concerns about annuity marketing at a conference in New York organized by the Securities Industry Association.[@@]
NASD Vice Chairman Mary Schapiro appeared Friday at a mutual fund reform conference organized by the SIA, New York, to review NASD views about the mutual fund industry.
NASD Chairman Robert Glauber gave a similar speech the same day at an SIA institutional brokerage conference held in New York.
Glauber told mutual fund company executives that he shares their concerns about the possibility that sellers of variable annuities, fixed annuities and equity-indexed annuities may face less stringent regulation than sellers of comparable mutual funds face.