The National Association of Insurance and Financial Advisors (NAIFA), the nation’s largest financial services membership organization, mourns the loss of a respected leader in the insurance and financial services industry, Raymond H. “Mickey” Moran, CLU, ChFC.
The award is the highest honor that can be bestowed upon an individual in the life insurance and financial planning industry.
The National Association of Insurance and Financial Advisors (NAIFA) is disappointed by the action taken by the Securities and Exchange Commission (SEC) earlier today to Adopt Rule 151A, reclassifying certain indexed annuities as securities.
In June, 2008 the SEC issued a new proposed rule (SEC Release No. 33-8933, File No. S7-14-08) that would classify certain indexed annuities as securities. The proposal would accomplish this by creating a new Rule 151A that would change the treatment of indexed annuities under the insurance products exemption found in Section 3(a)(8) of the Securities Act of 1933.
Your Members of Congress to Contact SEC and Oppose Proposed Rule 151A
Home / About Us / NAIFA News / NAIFA Ready to Work With “Whole New World in Washington”
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Saturday November 08 2008
You can count on NAIFA to work tirelessly for the benefit of your career, your clients, and the financial services industry.
