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Communications from the Institute do not constitute, and should not be considered a substitute for, legal advice.
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May 15, 2006
TO: VARIABLE INSURANCE PRODUCTS ADVISORY COMMITTEE No. 3-06
RE: NASD ANNUITY ROUNDTABLE
On May 5, 2006, the NASD and the Minnesota Department of Commerce co-sponsored an
Annuity Roundtable in Washington, D.C. Participants included a cross section of federal and state
regulators, securities firm and insurance company executives, and consumer groups.
The Roundtable consisted of two panels. The first panel examined the complexity of annuity
products, trends in the development and marketing of those products, and disclosure, suitability and
marketing issues. The second panel examined the fragmented nature of annuities regulation, the
differences in current regulatory approaches by federal, state and NASD regulators, and how regulators
can align those approaches to better serve and protect investors.
Official statements and complete information about the Roundtable agenda and participants,
as well as videos of the Roundtable panels, are available on the NASD’s website at
http://www.nasd.com/web/idcplg?IdcService=SS_GET_PAGE&ssDocName=NASDW_016465&ss
SourceNodeId=655.
Ari Burstein
Associate Counsel