SEC Backs Speedy Decision On FIA Rule

Law360, New York (January 28, 2009, 12:00 AM EST) -- The U.S. Securities and Exchange Commission has joined a group of insurance companies in a bid to have a federal appeals court speed up its review of the insurers' challenge to an SEC rule treating fixed indexed annuities as securities, part of a deal under which the insurers withdrew a stay motion they had previously filed with the SEC.

The consent motion for expedited briefing was filed Tuesday in the U.S. Court of Appeals for the District of Columbia Circuit by the petitioners, who are seeking...
To view the full article, register now.