Question: Is a rule promulgated by the SEC excluding fixed indexed annuities (FIA) from the definition of annuity contract within the meaning of the Securities Act

Is a rule promulgated by the SEC excluding fixed indexed annuities (FIA) from the definition of "annuity contract" within the meaning of the Securities Act valid?

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In American Equity Investment Life Insurance Co v SEC 613 F3d 166 DC Cir 2010 the DC Circuit held that Rule 151A was invalid The insurance companies first argued that the SEC erred in excluding FIAs f... View full answer

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