Ohio shouldn’t weaken rules that protect annuity buyers
Anyone who has spent time in government knows the details matter. The difference between a policy that works and one that fails is almost always buried in the fine print. That’s exactly what I thought when I heard about a proposal now before the Ohio legislature. In Senate Bill 306, a small group of fee-only financial advisors is seeking a Fast Pass around Ohio’s consumer protection regulations so they can sell annuities in the state. This special interest group argues that because they are already legally obligated to their clients, Ohio’s consumer protection rules should not ...