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Legal News

: JURIST - The Paper Chase

DC Circuit orders SEC to review indexed annuities rule

By Bernard Hibbitts (editor) and University of Pittsburgh School of Law students.

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[JURIST] The US Court of Appeals for the District of Columbia Circuit on Tuesday remanded for reconsideration a Securities and Exchange Commission (SEC) rule stating that fixed indexed annuities (FIAs) are not annuity contracts within the meaning of the Securities Act of 1933. The court granted the petition for review based on the argument that the SEC failed to properly consider the effect of the rule upon efficiency, competition, and capital formation. The court explained: It is obvious that t read more

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Full post as published by JURIST - The Paper Chase on July 21, 2009 (boomark / email).

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