The biggest risk when purchasing annuities might be the insurance company that issued the investment going out of business. According to Insurance News Net’s posting by Zaeem Shoaib, the “Ohio General Assembly Raises Annuity Guaranty Coverage to $250,000.” The previous protection in Ohio was $100,000, …
In the Investment News article “Eight big changes that will reshape the annuity biz,” Darla Mercado summarizes a report from Jack Marrion of Advantage Compendium Ltd. Fixed annuities will see their largest sales ever in the next ten years because of the 58 million Americans …
The Financial Industry Regulatory Authority (FINRA) will ask the SEC for permission to expand their BrokerCheck system, according to FINRA’s news release “FINRA Proposes Further Expansion of Broker Information Publicly Available Through BrokerCheck.” The BrokerCheck system allows the public to view records of securities brokers …
From the Financial Industry Regulatory Authority (FINRA)’s news release, the “FINRA Investor Education Foundation and the American Library Association Announce $1.5 Million in Grants to Public Libraries to Support Grassroots Financial Literacy.” There are 19 libraries receiving the $1,522,122 through the program ‘Smart investing@your library’. …
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