Series 7: 8.2.11. Federal Regulations Regarding Annuities

Taken from our Series 7 Online Guide

8.2.11. Federal Regulations Regarding Annuities

Under the Securities Act of 1933, variable annuities are considered to be securities and, therefore, need to be registered with the SEC and sold with a prospectus.

Under the Securities Exchange Act of 1934, annuities have to be sold by

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