FINRA Compliance Coping with SEC Rule 151A

Coping with SEC Rule 151A

30.00 30.00

  • Course Delivery: On Demand
  • Duration: 2 


As published in the Federal Register on January 16, 2009, the Securities and Exchange Commission has formalized its position on what exactly an equity-indexed annuity is. The SEC has stated:'We are adopting new Rule 151A under the Securities Act of 1933 in order to clarify the status under the federal securities laws of indexed annuities, under which payments to the purchaser are dependent on the performance of a securities index. Section 3(a)(8) of the Securities Act provides an exemption under the Securities Act for certain ''annuity contracts,'' ''optional annuity contracts,'' and other insurance contracts. The new rule prospectively defines certain indexed annuities as not being ''annuity contracts'' or ''optional annuity contracts'' under this exemption if the amounts payable by the insurer under the contract are more likely than not to exceed the amounts guaranteed under the contract.'Rule 151A shall be effective January 12, 2011.


Course Objectives

At the conclusion of this course, the student should be able to:
- Define an indexed annuity.
- Compute equity-indexed annuity returns in five different ways.
- Differentiate between equity-indexed products and structured investment products.


Topics Covered

This course covers the following topics:
Lesson 1: Components of the Balance Sheet
Lesson 2: Balance Sheet Calculations
Lesson 3: Effects of Transactions on the Balance Sheet
Lesson 4: The Income Statement





End of Course Instructions

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Quiz Information

You will not be required to pass the quizzes to move on to the next lesson.



You will be required to pass the final exam with a 70% in order to receive course credit.


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