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Old 11-01-2016, 02:19 PM
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Unhappy FIA or MVA => SEC, DOL, and FIO

Quote:
Originally Posted by Take 2 View Post
This could require securities registration for most FIAs, which the Harkin Amendment was intended to exempt.


http://www.aba.com/issues/regreform/pages/rr9_24.aspx
Exactly, and all the agents selling them would have to be securities licensed. The new DOL rule doesn't offer any comfort on that point, anyway. This all leads to Federal regulation of insurance, which the FIO would love.
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