Are Variable Annuities Worth It

Primerica - Wikipedia, The Free Encyclopedia
Annuities Managed Accounts Long-Term Care Insurance Legal Services Auto insurance Homeowners Insurance Credit Monitoring Debt Management Plans: Revenue: US $1.36 billion (2010) Net income: US $257.8 million (2010) Total equity: US $1.4 billion (2010) ... Read Article

Investment Options: Variable Annuities
Investment Options: Variable Annuities CF-77-50000-1201 Last Updated: 10/29/12. when redeemed may be worth more or less than their original cost. An investor should carefully consider the investment objectives, risks, charges and expenses of the investment found in ... View Full Source

Regulation And Compliance—Variable Annuities
Regulation and Compliance—Variable Annuities The Financial Industry Regulatory Authority (FINRA) has long had variable annuities (VAs) on customers’ true income or net worth. That is, the blotters reflected only the highest number in the ... View Doc

Yes, But… Why Would I Need An Annuity? - Money Over 55 ...
You have to decide if that guarantee is worth paying for. Variable, or Guaranteed; Comments (2) See All Posts; Share; Prev; Next; Leave a Comment. Comments. August 19, 2010 at 11:06 am Are Annuities Good For People That Are Retiring Now? ... Read Article

Notice To Members 99-35 - FINRA - Home Page
Variable Annuities Suggested Routing Senior Management A d v e r t i s i n g Continuing Education Corporate Finance Executive Representatives worth, other investments and sav-ings, and annual income. Retention of this customer information can be ... Document Viewer

UNITED STATES OF AMERICA Before The SECURITIES AND EXCHANGE ...
More than half her net worth – in variable annuities. The Registered Representative earned more than $5,000 in sales commissions. Respondent approved some of the transactions, but failed to review others. b. In 2004 and 2005, the Registered Representative induced a 65-year- ... Access Content

Retirement Planning IRA Strategies Annuity Advisor John Kelly ...
2:48 Retirement Plan: How much is your Roth IRA or 401(k) really worth? by retiresecure 2,923 views 2:20 Indexed Annuities (For Dummies) Free Annuity Report! by TheAnnuitycampus 4,111 views The Hidden Expenses in Variable Annuities by FirstSeniorFinancial 63 views ... View Video

Tougher Annuity Standards On Horizon - Insurance Industry ...
Means that fixed annuity producers will have to follow similar rigorous suitability standards as those imposed upon variable annuity producers. liquidity needs, liquid net worth, and risk tolerance. New product Annuities as Alternative Retirement Savings ... Read Article

Annuity Investing: Does It Make Sense For High Net worth ...
Variable annuity offers a range of investment options such as mutual funds, and the account value can go up or down The final point worth mentioning about annuities is the impact on estate planning. Going back to the $1 million contract with a very low ... Fetch Here

Variable Annuities - Modeling Issues
Modeling for variable annuities have increased in importance over the years, in part because of the rapid A final point worth mentioning is that the existence of a guaranteed minimum death benefit could, in itself, influence lapse rates. In theory ... Read Content

Paying For College: 529 Plans
You?ll be a winner if you find a cheap plan and get a state income tax deduction. ... Read News

Investing In Annuities, Mutual Funds, And UITs
Variable annuities are subject to investment risk, which means the shares, when redeemed may be worth more or less than their original cost. Investors should consider the investment objectives, risks and charges and expenses ... Access Full Source

Investments You Should Avoid When Saving For College
Specifically, whole life and variable life insurance, as well as annuities, often get mis-selected as appropriate vehicles. it seems to make this type of investment a lot more work than it is worth. ... Read Article

Annuities: Beyond The Sales Pitch - Glenn S. Daily - Fee-only ...
BUT what is that feature worth? See Chi Chiu Chu and Yue Kuen Kwok, “Valuation of Guaranteed Annuity Options in Affine Term Structure Models,” International Journal of “Exchanging Variable Annuities: An Optional Test for Suitability,” Journal of ... Visit Document

The Great annuity Rip -off - Index Funds - DFA Advisors - DFA ...
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Variable Annuity Fact Sheet - Pacific Life - Annuities
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Responding To The Variable Annuity Crisis
Variable annuities as a vehicle to invest in mutual funds. Over the last 5 years, investment choices in It is also worth noting that the value of the benefits critically depends on the behaviour of policyholders. ... Access Doc

Annuity Guaranteed Lifetime Withdrawal Benefits
What a $100,000 premium was worth in my pseudo-VA models at the end of 10 year periods ending from 1969 through 2009. Variable annuities tend to have lower payout percentages than index annuities. An index annuity ... Doc Retrieval

Advisors Edge® Variable Annuity - Transamerica Variable ...
When surrendered, it may be worth more or less than the total of premium payments. This material gives performance numbers for Advisors Edge® Variable Annuity. Variable annuities are long-term, tax ... Retrieve Doc

Life Insurance - Wikipedia, The Free Encyclopedia
Variable universal life (VUL), guaranteed death benefit, and equity indexed universal life insurance. A universal life insurance policy includes a cash value. Annuities. Main article: Life annuity. ... Read Article

Private Placement Life Insurance - GSRP | Giordani Swanger ...
C. Private Placement Deferred Variable Annuities (“PPVA”) .. 2 II. Ensuring Compliance as a U.S. Qualifying Product Successful advisors of high net worth individuals employ a holistic approach to their clients ’ ... Read More

Does Going It Alone Increase Risk?
We have talked in the past about the growing trend of investors deciding to "go it alone" - forgoing developing relationships with financial advisors to invest directly through intermediaries like Fidelity and Schwab. In all likelihood, investors likely to fall into this category probably have under $10 million to invest; those with more - considered by many to by ultra high net worth investors ... Read News

Allocation To Deferred Variable Annuities With GMWB For Life
Variable Annuities with GMWB for Life It is worth noting that over this time period, the inflation-adjusted equivalent to $50,000 in 1979 is $154,529 in 2008; thus, the annual income kept up with inflation. Figure 1. ... Doc Retrieval

Variable Life Insurance: Is It worth It? - Consumer ...
Majority was worth keeping due to the effects of the surrender charge (SC). Financial analysis often made it mandatory At least for the variable annuities we recommend, more money may be added to the annuity as time passes. This might ... Doc Retrieval

Rule 2821 Annuities

Three Companies Join Quest CE’s Suitability Regualtion ...
Annuities (2) Annuity Training (18) Anti-Money Laundering (8) Rule 2821 (1) SEC News (4) Securities (36) Social Media Compliance (8) State Insurance CE (91) Suitability (5) Team Promotions (12) Uncategorized (15) YouTube; Linkedin; RSS; ... View Video

Sales Quality Group | Market Research For America's Financial ...
Related Sites SECURITIES AND INSURANCE - REGULATORS AND TRADE GROUPS Financial Industry Regulatory Authority (FINRA), formerly NASD Regulatory Notice 07-53 - Rule 2821 Governing Deferred Variable Annuities Guidance and Text for Rule 2821 ... Read Article

Hometown News (Melbourne, FL) - UFDC Home - All Collection Groups
Edhearts.org. Contact Gretchen Sauer-man at (321) 751-5961 or e-mail her at sauerman@hometown-neiwsol.com. WEEK IN Florida Rule of Professional Conduct Rule 7.4(a)(2) 'Killgdy; 632-2821 TBinds Tin t &nQe*. Financing available' l" *Fina cfn viale*s~ 5 ... Read Article

Regulatory Notice 09-32 - FINRA - Home Page
Exchanges of deferred variable annuities. 2 The rule addresses four main areas of concern. First, the rule has requirements governing broker recommendations, including .05 Rule 2821 requires that the member or person associated with a member consider ... Fetch Doc

Summary Of FINRA Rule Initiatives - Securities Law Practice ...
Variable Annuities (Rule 2821) Rule Filing: 6/4/2008 February 8, 2010 4/15/2009 – Approved: SEC Approval FINRA RN Re: Approval SEC Comment Letters FINRA Response to Comments FINRA Legislative History . 10642127.1 Summary of FINRA Rule Initiatives ... Access Doc

Carl B. Wilkerson Vice President & Chief Counsel Securities ...
Rule 2821(c) requires that a principal review each variable annuity purchase or exchange Annuities are most often bought for future retirement income. Only an annuity can pay an income that can be guaranteed to last as long as you live. ... Fetch Full Source

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Nancy M. Morris, Secretary 100 F Street, NE
Annuities (NASD Rule 2821) (the “Proposed Rule”). NAIFA is a national federation of over 700 state and local associations, whose members live and work in every congressional and state legislative district. The 65,000 members of these ... Access Full Source

Dechert - U.S. Securities And Exchange Commission | Homepage
Variable annuities. In FZNRA's proposal of Rule 2821, dated December 14, 2004, FMRA (then Rule 2821(c) as explained by Regulatory Notice 07-53 currently requires broker-dealers to hold the customer's non-negotiated check, ... Get Doc

NASD Developments NASD Proposed Variable Annuity Sales ...
Summary: Rule 2821 would create recommendation requirements (including a heightened suitability obligation), annuities. Proposed Rule 15c2-2 would govern confirmation disclosure requirements for these products and would require information about: ... Retrieve Here

Securing The Future! NAFA Principles On Suitability
Rule 2821. Both the Model Regulation and FINRA Conduct Rule 2310 impose similar suitability requirements, as follows: In recommending to a consumer [an annuity annuities are useful tools in assisting consumers to accumulate assets and manage risk. ... Fetch Doc

ALI-ABA Course Of Study FINRA/SEC Compliance And Enforcement ...
Variable annuities. 2. NASD Conduct Rule 2310 Under NASD Conduct Rule 2310, FINRA s suitability r ule, a broker-dealer must meet the requirement of customer-specif ic suitability. 6 Customer- 4 Rule 2821 is addressed in detail below at Section III. ... Fetch Here

Annuity Sales Supervision Advisory Committee
Annuities (A) Committee. The Commissioner explained the Annuity Sales Supervision 53, a copy of which is attached as “FINRA 07-53,” explains new NASD Rule 2821 on deferred variable annuity transactions. The suitability requirements in 2821(b) and the ... Access Content

SECURITIES AND EXCHANGE COMMISSION
Deferred variable annuities.5 On November 6, 2007, FINRA published Regulatory Notice 07-53, which announced the Commission’s approval of Rule 2821 (SR-NASD-2004-183) Rule 2821(c) also states that a principal must treat “all transactions as if they have ... Document Retrieval

Annuity Supervision At Edward Jones: An Overview
They do, annuities may fit into a client's portfolio as a solution to their retirement needs. • Integrates NASD Rule 2821 • Uses Web-based, intuitive AnnuityNet front-end interface • Captures the information supervisors need for making ... Document Retrieval

Texas Annuity Certification Training Course Now Available ...
Focuses on the issue of suitability and the problems that can arise when annuities are inappropriately sold. The course also covers in detail the basics of annuity products, and FINRA Rule 2821. ... Read Article

The Outside Brokerage Account Tracking Survey | Quest CE
Annuities (2) Annuity Training (18) Anti-Money Laundering (8) Rule 2821 (1) SEC News (4) Securities (36) Social Media Compliance (8) State Insurance CE (91) Suitability (5) Team Promotions (12) Uncategorized (15) YouTube; Linkedin; RSS; ... View Video

Jorden Burt: News & Events
JORDEN BURT ALERT: SEC Proposes Sweeping Changes For Fixed Indexed Annuities Jun 26, 2008. After more than 10 years of silence on the securities status of fixed indexed annuities, FINRA Seeks Further Delay of Rule 2821(c) and (d) Apr 18, 2008. ... Read Article

SUITABILITY IN ANNUITY TRANSACTION MODEL REGULATION
Insurance and Annuities (A) Committee, have developed the following Executive Summary to assist in uniform enforcement of the above referenced Model Regulation. annuity transactions no matter what suitability regulation or rule is applied by a broker-dealer. ... Document Retrieval

Broker-Dealer Supervision Of Variable Annuity Sales
Relevant Suitability Requirements A. NASD Suitability Requirements 1. Conduct Rule 2310Conduct Rule 2310 2. Conduct Rule 2110 3. Special Guidance for Variable Annuities ... Retrieve Full Source

Regulation And Compliance—Variable Annuities
Annuities (such as tax-deferred growth, annuitization, or a death or living benefit); and 3. Both the contract itself (including any riders) and the underlying sub-accounts in Rule 2821(c) also imposes unusual review and approval requirements. ... Retrieve Doc

Financial Services Institute On SR-NASD-2004-183
Rule 2821 with the final version of the SEC’s point-of-sale proposal. We hope the result will be a fixed annuities or variable universal life insurance), FSI believes the phrase “unique features” is misleading. Therefore, FSI would request ... Fetch This Document

Comment Letter On File No. SR-NASD-2004-183
Proposed NASD Rule 2821, relating to sales practice standards and supervisory requirements Not only is a separate rule for deferred variable annuities undesirable for this reason, but also it is not needed to accomplish NASD’s goals. ... Access Doc

Summary Of FINRA Rule Consolidation Initiatives
Annuities (Rule 2821) 6/4/2008 . Approved by SEC (Compliance Effective Date: February 8, 2010) 4/15/2009 – Approved: SEC Approval. FINRA RN Re: Approval. 7/1/2008 – Comment Letter Submitted . 12/19/2008 – Comment Letter . Submitted . FINRA Response to Comments. ... Access Full Source

PFS INVESTMENTS INC. - U.S. Securities And Exchange ...
We appreciate the opportunity to comment on NASD's Proposed Rule 2821 (the "Proposed Rule"), as amended, regarding for variable annuities to the date the customer signs the application will cause a wholesale reworking ... Return Document

The Florida Senate BILL ANALYSIS AND FISCAL IMPACT STATEMENT
The Financial Industry Regulatory Authority (FINRA) under FINRA Rule 2821. Both fixed and variable annuities can be obtained in either immediate or deferred form. In an immediate annuity the annuity company is typically given a lump sum payment in exchange for ... Fetch Content

Recently Adopted rules - Morgan, Lewis & Bockius - An ...
* With regard to rule proposals of SROs, approval of amendments to Rule 2821 regarding deferred variable annuities. FINRA . 6/11/2009 . Regulatory Notice 09-31 FINRA is informing its members of certain . suitability and supervision implications when : ... Get Content Here

Indexed Annuities Finra

Annuity Suitability - California Department Of Insurance
Prospectus 2. Financial Industry Regulatory Authority (FINRA) B. Typically common contract provisions 1. General vs Low interest rate market and its impact on interest rates VI Identify and discuss indexed annuities 25% A. Primary interest crediting strategies 1. Monthly ... Access Document

Insurance Products And The Consumers The Insurance Industry
Industry Regulatory Authority (FINRA). The Series 6 exam is for individuals who wish to sell Equity-indexed annuities are a type of fixed annuity that offer the potential for higher rates of growth. The interest credited to an equity-indexed ... Read Full Source

Securing The Future! NAFA Principles On Suitability
Both FINRA Conduct Rule 2310 and the Model Regulation recognize that the suitability determination is unique to clear, fixed declared rate annuities and indexed annuities are useful tools in assisting consumers to accumulate assets and manage risk. ... Access Full Source

ERISA Section 408(b)(2) Fee Disclosures: Impact On Broker-Dealers
Compliance with FINRA standards is deemed compliance under NAIC’s 2010 Model Reg. Variable annuities subject to FINRA standards. Voluntary compliance with and evaluate compliance policies accordingly, especially for fixed annuities. * Indexed Annuities May be unsuitable for senior ... Read Content

SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 230 And 240 ...
INDEXED ANNUITIES AND CERTAIN OTHER INSURANCE CONTRACTS AGENCY: Securities and Exchange Commission. ACTION: Proposed rule. SUMMARY: We are proposing a new rule that would define the terms “annuity (“FINRA”), Equity-Indexed Annuities – A ... Read Content

Incorporating Best Practices Into Your 403(b) Plan - ISCEBS Home
Indexed annuities on its website (www .finra.org).7 Given the importance fees have on the growth of investments—and espe-cially in light of the prevalence of annu-ities—403(b) plan participants would benefit from better fee disclosure. One ... Read Full Source

(QIRUFHPHQW$FWLRQVDQG/LWLJDWLRQ 6KDXQGD3DWWHUVRQ 6WUDFKDQ
Past year concerning annuities products.2 FINRA actions, addressed below, involve the following categories of misconduct: (1) unsuitable sales; (2) supervisory failures; (3) market reg ard ing ab uses ag ainst sen iors and indexed an nu ities. - 1 - 671. ... View This Document

ALI-ABA Conference On Life Insurance Company Products ...
Featuring Current SEC, FINRA, Insurance, Tax, and ERISA Regulatory and Compliance Issues November 13 - 14, 2008 Washington, D.C. indexed annuities to his mother. He replied, I wo uldn't recommend them to anybody. B. Purpose of this Paper ... Document Viewer

Important Information About Your Annuity Investment June 2011
Member FINRA and SIPC Robert W. Baird & Co. Incorporated 777 East Wisconsin Avenue Milwaukee WI 53202-5391 Main (414) 765 3500 Toll-free (800 Equity-indexed annuities (EIAs) have characteristics of both fixed and variable annuities. ... Read Here

Annuities - Good Or Bad - Financial Vest - Home Page
Some fixed and indexed annuities can also be used to hold a retirees pension plan instead of leaving it Member FINRA, SIPC. Title: Microsoft Word - Annuities - Good or Bad Author: Mark Created Date: ... Visit Document

Financial Services Compliance & Regulatory Focus
FINRA Reminds Firms of Sales Practice Obligations for High Yield Securities and Cash Alternatives indexed annuities are considered not to be annuity contracts under the securities laws and thus subject to the investor protections. ... Access Doc

SUITABILITY IN ANNUITIES TRAINING - Rhode Island Department ...
Suitability in annuities training naic/finra rules & regs lst ed sbs 10047 6 hrs. pentera group cara lanciotti pqi@pqiresources.com indexed products training course sbs 10180 10 hrs. quest continuing education solutions, ... Retrieve Here

Recently Adopted Rules - Morgan, Lewis & Bockius - An ...
Under the federal securities laws of equity-indexed annuities for annuities issued on or after January 12, 2011. FINRA . 12/12/2008 . SR-FINRA-2008-044 FINRA is informing its members of SEC approval of new consolidated FINRA Rules relating to warrants, options, ... Fetch Doc

American National Insurance Company’s Independent Marketing ...
Inc. (“ANFS”), Member FINRA, One Moody Plaza, Suite 1423 Galveston, TX 77550. ANFS is a subsidiary of American National Insurance Company. American National Insurance Company’s Independent Marketing Group (IMG) Deferred Annuities ANICO Strategy Indexed Annuity ... Visit Document

Fixed Index Annuities - Annuity Think Tank - About Annuities ...
Index Annuities. FINRA communicated that if a registered product is sold to facilitate a State Regulation Already Arkansas has indicated that insurance agents who sell a fixed or indexed annuity as part of the replacement of securities products (such as variable annuities and stocks) must be ... Doc Retrieval

Bibliography - Life Insurance - Annuities
Life Industry Welcomes FINRA Delay on Variable Annuity Rule, R. J. Lehmann, Best’s Insurance News, 01/14/08 Side Stepping the ‘A’ Word: Equity Indexed Annuities: Risk vs. Reward, Moody's Investors Service, Special Comment, December 1996 ... Fetch This Document

American National Insurance Company’s Independent Marketing ...
Member FINRA, SIPC, a subsidiary of American National Insurance Company, 2450 South Shore Blvd., League City, Texas 77573 (281) 334-2469. Indexed Annuities ANICO Strategy Indexed Annuity 10-Year 7-Year Participation Rate 100% 100% Cap Rate 5.80% 6.00% ... Read Here

Talking Points-Money Article-010311
Fixed indexed annuities, be sold using prescribed suitability determination criteria that was designed after the FINRA suitability standards. In addition each and every sale must be reviewed a second time by the insurance company to ensure that the ... Fetch Full Source

Variable Annuities Suitability

STATE OF CONNECTICUT - CT.gov Portal
Suitability in Annuity Transactions Model Regulation (NAIC Model)? A. not engage in the sale of annuities until the annuity training course has been completed. variable and indexed annuity contract provisions affect consumers; (4) ... Fetch Full Source

INVEStmENt PRoduCtS & SERVICES AdVISoRy - Alston & Bird LLP
SEC Approves FINRA’s Variable Annuities Rule The SEC announced on Monday September 10, 2007, that is has approved a new Financial Industry Regulatory Authority • imposes a specific suitability obligation for the sale or exchange of deferred ... Retrieve Content

Annuity Requirements By State - Quest CE | The Next ...
Become licensed to sell variable annuities and variable life they must have 4 hrs of annuity training in their pre-licensing course. suitability DO NOT require product specific training or annuity specific agent continuing education in ... Retrieve Full Source

Variable Annuity Purchase Disclosure And Suitability March 2012 2
Variable Annuities are considered to be a long-term investment. 2. There may be a substantial penalty (surrender fee) for early withdrawal, unless the investment is held for a Variable Annuity Purchase Disclosure and Suitability _March 2012_ _2_.doc ... Read More

Annuities - Welcome To FinancialCounsel.com Investor: Your ...
Variable Annuities estimates that the net assets in variable annuities as of December 31, “Exchanging Variable Annuities: An Optional test for Suitability”, working paper, December 19, 2003 at http://www.ifid.ca/pdf_workingpapers/WP2003DEC19.pdf. ... View Doc

Feature And Column *38 - Law Offices Of Steven Riess
Variable annuities are intended to be long term investments. The insurance company will charge a significant "sur- have always been subject to the suitability, disclosure and other requirements that apply to all securities." [FN15] In ... View Document

Testimony Of Sandy Praeger, Kansas Insurance Commissioner And ...
Have dealt with the sale of unsuitable annuities to senior citizens. Through the adoption of our suitability guidelines in Kansas and our enforcement activities we o Do I want a variable annuity with the potential for ... Fetch This Document

FLORIDA TIGHTENS LAWS ON SUITABILITY OF ANNUITY SALES TO SENIORS
Fraudulent sales of variable annuities and any other insurance products deemed “securities or investments” are already felonies under Section 517.302(1), with having violated the senior suitability statute, with regard to variable annuities, can defend ... Access Document

Regulatory Notice 10-05 - FINRA - Home Page
Deferred Variable Annuities FINRARemindsFirmsofTheirResponsibilitiesUnder FINRARule2330forRecommendedPurchasesor ExchangesofDeferredVariableAnnuities NoticeType DeferredVariableAnnuities PrincipalRe view SalesPractices Suitability ... Get Doc

Florida Senior Consumer Suitability Form ANNUITY SUITABILITY ...
Florida Senior Consumer Suitability Form ANNUITY SUITABILITY QUESTIONNAIRE Thank you for your interest in an Allianz annuity. ■ None ■ Certificates of deposit ■ Fixed annuities ■ Variable annuities ■ Stocks/bonds/mutual funds 15. ... Access Document

Suitability In Annuity Transactions
107 to suitability satisfies the requirements under this section for the recommendation of variable 108 annuities. However, nothing in this subsection limits the [insurance commissioner’s] ability to ... Get Document

Documenting Suitability And Enforcing Adequate Written ...
Variable annuities, noting “[t]hese information pieces have given firms and their brokers sound . Sutherland Asbill & Brennan LLP approve the suitability of variable product sales byh principals in its offices of supervisory jurisdiction. ... Fetch Document

Variable Annuity Sales Practices
Suitability determinations are made at two levels: contact level and underlying fund level. BDACC FR VA PPT 05032005 Joint SEC/NASD Report Exam Findings Regarding the Sales of Variable Products SEC Website (Variable Annuities: What You Should Know) ... Read Full Source

Regulatory Notice 09-32 - FINRA - Home Page
Variable annuities.The supplementary material makes clear, for instance, that firms exchange also is consistent with the suitability determination required by [sub]paragraph (b)(1)(A) of this Rule, taking into consideration whether ... Read Content

Broker-Dealer Supervision Of Variable Annuity Sales
Relevant Suitability Requirements A. NASD Suitability Requirements 1. Conduct Rule 2310Conduct Rule 2310 2. Conduct Rule 2110 3. Special Guidance for Variable Annuities ... Retrieve Document

Jonathan G. Katz, Secretary Securities And Exchange Commission
The NASD’s draft suitability rule for variable annuities.1 The SEC’s grant of ACLI’s request2 for an extension of the initial 21-day comment period enables thorough analysis and constructive input. Careful evaluation of SRO rules ensures balanced regulation in the public ... Retrieve Document

SECURITIES AND EXCHANGE COMMISSION
Compliance Alerts regarding the suitability of deferred variable annuities,151 it continues 149 Id. 150 See NASD Response Letter. 151 See Notice to Members 96-86 and Notice to Members 99-35. In 2002, NASD issued a Regulatory & Compliance Alert, entitled “NASD Regulation Cautions ... Document Retrieval