Trade groups oppose NASAA’s proposed changes to annuities regulation
December 8, 2023 by Rayne Morgan
A coalition of major trade groups is calling for the North American Securities Administrators Association (NASAA) to withdraw proposed changes to its business rules, calling those changes “confusing” and “unnecessary.”
NASAA’s amendments intend to protect investors by implementing stricter codes of ethical conduct for financial advisors and similar professionals or firms.
The coalition issued a joint letter expressing concern the proposed changes could make it more difficult for advisors to operate and block clients from accessing products and services.
Click HERE to read the full story via INN