EIAs in Spotlight

For those of you following the debate over whether an equity-indexed annuity is a security or insurance product, there's an article on the subject in the January issue of Registered Representative magazine.

As we've discussed before, many state securities regulators are classifying an insurance licensed only agent selling equity-indexed annuities ("EIAs") as an unregistered investment advisor if the insurance licensed only agent discusses the general stock market with clients and then receives indirect compensation such as an EIA commissions.

Please contact us if you're insurance only agent interested in registering as an investment advisor.

Labels: Equity-Indexed Annuities