Last week we reported that the U.S. Court of Appeals had remanded Rule 151A, sending it back to the SEC for further analysis and investigation.
Since that time, we’ve heard from many of you, voicing your thoughts on this decision. Below, we’ve collected some of the comments, so you can get an idea of what other advisors are saying about the topic.
What a joke! Why remand back the case to the agency who is hell bent upon making index annuities a securities product so all the broker-dealers can take a cut on production that they have been losing out so badly.