Designed to Deceive: Equity Indexed Annuities
By: Frederick G. Marks, Barrons (Apr 2009)
"Designed to Deceive: Equity Indexed Annuities" discusses SLCG research into equity-indexed annuities.
Weighing an Investment That Promises No Risk
By: Ron Lieber, The New York Times (Oct 2008)
Ron Lieber's "Weighing an Investment That Promises No Risk" discusses the sales pitch used to sell high cost equity indexed annuities to older investors despite the poor performance of EIAs relative to liquid investments in stock and bond mutual funds. The article reports Craig McCann's research into and valuation of EIAs.
NASAA Submits SLCG's An Economic Analysis of Equity-Indexed Annuities to the SEC
By: The North American Securities Administrators Association (Sep 2008)
The North American Securities Administrators Association submitted an SLCG White Paper, "An Economic Analysis of Equity-Indexed Annuities," authored by Dr. Craig McCann to the Securities and Exchange Commission with a comment letter in support of the SEC's proposal to extend the full protections of the federal securities laws - full and accurate disclosure of all material facts and fair dealing in sales practices - to purchasers of contracts. Read the rule.
The Securities and Exchange Commission Issues Equity-Indexed Annuities Rule Proposal
By: The U.S. Securities and Exchange Commission (Jul 2008)
The Securities and Exchange Commission proposed a new rule which would clarify the status of equity-indexed annuities and would extend the full protections of the federal securities laws - full and accurate disclosure of all material facts and fair dealing in sales practices - to purchasers of contracts whose payoffs were more likely than not to vary with the performance of a security or index of securities. The public is invited to submit a comment on this rule proposal by September 10, 2008. Submit a comment.
Dateline NBC Investigates Equity-Indexed Annuities
By: Chris Hanson, Dateline NBC (May 2008)
Dateline NBC conducted an investigation into the sales of equity-indexed annuities industry including hidden-camera footage of seminars targeting seniors, industry training programs in-house sales calls. The resulting documentary was broadcast on April 13, 2008 and is available in 7 clips at www.nbcnews.com.
Dr. McCann presents to Cornell University School of Law
By: Craig McCann (Mar 2008)
On March 7, 2008, Dr. McCann presented to the Securities Law Clinic at the Cornell University School of Law on a variety of investment products including variable annuities, equity-indexed annuities and debt- and equity-linked structured products.
31st Annual Southwestern Securities Enforcement Conference
By: Craig McCann (Sep 2007)
Dr. McCann participated in a panel discussion on variable and equity-indexed annuities at the 31st Annual Southwestern Securities Enforcement conference presented by the Securities and Exchange Commission and the Texas Securities Commission. Attendees included representatives from state and federal law enforcement and regulatory agencies.
Minimizing Longevity Risk
By: Craig McCann (May 2007)
Dr. McCann presented in the New York Society of Securities Analysts (NYSSA) panel discussion, Minimizing Longevity Risk on the soundness of using general investments rather than special purpose insurance to fund possible future long term care expenses. He also presented some of his research on variable annuities, equity-indexed annuities and structured products to an audience of securities industry professionals.
Equity-indexed annuities sound good, but...
By: Scott Burns, The Dallas Morning News (Apr 2007)
Scott Burns' column "Equity-indexed annuities sound good, but ..." in the Dallas Morning News, Boston Globe and other national newspapers reviews SLCG's research into equity-indexed annuities.
Annuities complaint sends up red flag
By: Todd Ruger, The Sarasota Herald Tribune (Mar 2007)
Sarasota Herald Tribune's "Annuities complaint sends up red flag" quotes Dr. McCann on equity-indexed annuities' costs and complexity in a story covering EIA-related litigation in Florida.
