In a press release dated March 11, 2020, the SEC announced rules, as well as the issuance of a related form associated rule amendments designed to make disclosures for investors when sold variable annuities and variable life insurance contracts. Overall, these rules require insurance companies and broker dealers involved in the sale of these products to provide investors with easy to read and easy to access information to assist them in making a better informed decision before deciding to purchase these products.
Have you been victimized with the sale of an improper variable annuity or variable life insurance contract? We offer a free initial consultation to victimized investors who have sustained losses in variable annuities and variable life insurance contracts. For a free initial consultation, contact the Law Offices of Timothy J. O’Connor at (518) 426-7700.
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