Citing consumer complaints and a gr...

Citing consumer complaints and a growing number of enforcement actions, the National Association of Securities Dealers is recommending that the direction establish far stiffer disclosure requirements for variable annuities--including making go-betweens and annuities dealers conduct a written suitability analysis forward their customers.

The proposal was sparked by way of a joint report on the effects released the week of June 7 by way of the NASD and the U Securities and Exchange Commission, which cited instances