NASD Chairman Calls For Annuity Sales Harmonization

A top official at the National Association of Securities Dealers says his group wants to take a closer look at sales of annuities.

NASD Chairman Robert Glauber talked about NASD annuity sales rules Friday in New York at a conference organized by the Securities Industry Association, New York.

Glauber talked about the need to create a level playing field for the mutual fund companies by ensuring that sales of other, competing products are subject to similar sales and disclosure rules.

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NASD Chairman Calls For Annuity Sales Harmonization
Source: National Underwriter