151A Dead?

[insurehound]

From Zenith Marketing...

[FONT=Arial,sans-serif][FONT=Arial,sans-serif]GREAT NEWS!
Appeals Court Vacates Rule 151A[/FONT][/FONT]
[FONT=Arial,sans-serif][FONT=Arial,sans-serif][/FONT][/FONT]​

[FONT=Arial,sans-serif][FONT=Arial,sans-serif][FONT=Arial,sans-serif]Yesterday, a federal appeals court sided with agents, insurance carriers, and others who want the U.S. Securities and Exchange Commission to classify indexed annuities as insurance products rather than as securities by vacating the rule.[/FONT][/FONT][/FONT]
[FONT=Arial,sans-serif][FONT=Arial,sans-serif][FONT=Arial,sans-serif][/FONT][/FONT][/FONT]
[FONT=Arial,sans-serif][FONT=Arial,sans-serif]I want to personally thank you all for you hard work in the fight against Rule 151A. Without your help the cause would surely have been lost. While at this point, the immediate threat has passed, we all must stay vigilant as the SEC can start over whenever they wish[/FONT][FONT=Arial,sans-serif]. If you would like to read more about the decision, here is a link to a National Underwriter article announcing the news.[/FONT][/FONT]
[FONT=Arial,sans-serif][FONT=Arial,sans-serif][/FONT][/FONT]
[FONT=Arial,sans-serif]I encourage you to call your Zenith Marketing Group sales representative today to discuss the benefits of introducing fixed indexed annuities into your clients' plans.[/FONT]
[FONT=Arial,sans-serif][/FONT]

Sincerely,​

Michael Gorlick, CEO​

 

[sman]

It appears it is dead. We'll have to see if they try again though.

 

[Newby]

We (the insurance industry) should start a movement to regulate them.
Anytime someone puts non-market money into the market maybe they should have to sign a waiver that they know they have options within the insurance industry where they can't lose their principle OR the interest they already gained.

 

[xrac]

The defeat of 151A is a great victoryt!

 

[padthaiforlunch]

Excellent idea! If Goldman Sachs was an insurance company it would have been done long ago.

We (the insurance industry) should start a movement to regulate them.
Anytime someone puts non-market money into the market maybe they should have to sign a waiver that they know they have options within the insurance industry where they can't lose their principle OR the interest they already gained.