And the plot thickens! Just when we thought the Securities and Exchange Commission’s proposed rule 151A was becoming easier to figure out, the SEC threw a curve ball. An SEC document dated Oct. 10, says the regulatory body is “reopening the period for public comment on new rules” that would securitize annuities.
The extension to the comment period will take effect once this new document has been published in the Federal Register. According to the NAFA Web site, that document should see publication sometime next week.