$(5)$ XCEL

lowerwer linging$-$time

Progress

$12\%$

Multiple Choice

Although Aaron Pibble owns a variable annuity, he has very conservatively kept $100\%$ of his investments in a guaranteed value money market fund since opening the account. He intends to continue this practice well into the future. With this full distribution in a stable va account, what law$($s$)$ provide oversight of the product?

A $$ neither state nor SEC laws apply

B$.$ SEC oversight

C $$ SEC is only involved when funds move to a variable account.

D$.$ state laws only

$$