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12/25/2008 News For: Step Up AnnuitiesA.M. Best Comments on Securities and Exchange Commissions Decision to Regulate Indexed Annuities as Securities OLDWICK, N.J.----On December 17, 2008, the Securities and Exchange Commission voted 4 to 1 to adopt SEC Rule 151A. In essence, this rule reclassifies indexed annuities as securities and not insurance products, now subjecting them to investor protection under the federal securities laws. Remembering soldiers with every step GLENS FALLS?-- Even with the chilly morning temperatures, the spitting wintry mix and the snow banks blocking their path... they marched. Treasury Provides Support for Another 92 Banks The money is being disbursed as part of the government's effort to buy stock in banks, to bolster their balance sheets and spur them to step up lending to fight the worst financial crisis to hit the country in seven decades. Report says Agricultural Bank of China to be stock-holding company SHANGHAI: Agricultural Bank of China will relaunch as a stock-holding company before the Lunar New Year on January 26, bringing it a step closer to an eventual stock market listing, state media said on Wednesday. South Korean bonds rise on c.bank support hopes SEOUL, Dec 24 Reuters - South Korean bond prices rose early on Wednesday, lifted by hopes that the central bank may step up its liquidity aid by purchasing commercial papers directly from local firms. |