The NASD is Rethinking Its Policy on Annuity Sales Practices

The NASD is looking to crack down on sales contests that are used by brokerage and insurance firms to promote annuity sales. I think this is a good thing. The problem I have with sales contests is that most of the time the customer is unaware of the contests, which can lead to sales of unsuitable products.

For those who are interested, I wrote a post related to this topic. You can check it out here.