{"id":4522,"date":"2007-11-08T11:19:04","date_gmt":"2007-11-08T11:19:04","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/11\/new_rule_for_brokerdealers_on"},"modified":"2022-03-28T14:33:30","modified_gmt":"2022-03-28T19:33:30","slug":"new-rule-for-brokerdealers-on","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/new-rule-for-brokerdealers-on\/","title":{"rendered":"Broker-Dealers Get New Rule Governing Deferred Variable Annuities Sales"},"content":{"rendered":"

\t\t\t\tBroker-dealers are getting ready to cope with a new rule governing deferred variable annuities (VAs) sales. <\/p>\n

Rule 2821 by the Financial Industry Regulatory Authority Inc. was finally approved by the Securities and Exchange Commission on September 7. The rule has been in the works since 2004. The official regulatory notice, to be issued this week, gives brokerage firms six months to comply. The rule is expected to go into effect in May or June 2008.<\/p>\n

Rule 2821 has four provisions regarding the sale of deferred variable annuities and the exchange of variable annuities. The rule places a suitability requirement on products for sales. It also makes it mandatory for principals to look at transactions within seven business days and before a customer’s application is forwarded to an insurance carrier. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Broker-dealers are getting ready to cope with a new rule governing deferred variable annuities (VAs) sales. Rule 2821 by the Financial Industry Regulatory Authority Inc. was finally approved by the Securities and Exchange Commission on September 7. The rule has been in the works since 2004. The official regulatory notice, to be issued this week, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3828,3774],"tags":[],"class_list":["post-4522","post","type-post","status-publish","format-standard","hentry","category-annuities-and-insurance","category-broker-dealers"],"yoast_head":"\nBroker-Dealers Get New Rule Governing Deferred Variable Annuities Sales — Investor Lawyers Blog — November 8, 2007<\/title>\n<meta name=\"description\" content=\"Broker-dealers are getting ready to cope with a new rule governing deferred variable annuities (VAs) sales. 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