Regulatory overhaul could affect crucial indexed-annuity provision

The Trump administration's plan to roll back financial regulations could include the Harkin Amendment, which exempts annuities from securities laws and instead lets them be regulated as insurance products, experts say. In such a scenario, many indexed-annuity distributors "would stop selling them or would need to obtain [a securities license] and operate that business through a broker-dealer," says Steven Saltzman of consulting firm Saltzman Associates.

InvestmentNews (2/6)