A prospectus is an official document filed with the Securities and Exchange Commission (SEC) that offers details about an investment being offered to the public for purchase. The prospectus is a legal ...

In a significant step toward improving variable insurance product (“VIP”) disclosure, the U.S. Securities and Exchange Commission (“SEC”), on October 30, 2018, proposed a new rule (the “Summary ...

As spring begins, and after many years of fertilizing and watering by industry representatives, the SEC has adopted comprehensive reforms to its disclosure requirements for variable annuities (VAs) ...

With more than nine in 10 shareholders reporting Internet access, the SEC's summary prospectus rule represents more than just an opportunity to provide an easier-to-understand document. The new rule ...

A new document designed to help investors better understand variable annuity and variable life insurance contracts won’t shed much light on the often complicated products because the Securities and ...