On Friday, September 4, 2009, the Suitability of Annuity Sales (A) Working Group forwarded a proposed revision to the Suitability in Annuity Transactions Model Regulation prepared by a subgroup consisting of Jim Mumford, Rosanne Mead and Fred Nepple. This proposed revision moves away from the more detailed prescriptive requirements of the July 2, 2009 draft that had been criticized as inflexible and going beyond the suitability requirements of FINRA Rule 2821.

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