The U.S. Securities and Exchange Commission plans to address the status of equity indexed annuities soon.
"Possibly as early as this month," said SEC Chairman Christopher Cox in a June 13 speech, "we'll consider a proposed rule to deal with the long standing investor protection issue of equity-indexed annuities, and when they should be treated as securities.
"This is an important issue on which we've been closely collaborating with NASAA [the North American Securities Administrators Association, Inc.] and our state securities regulatory counterparts. And it is of particular importance to senior investors."
