(Reuters) - William Galvin, the state's Secretary of the Commonwealth,
is probing some of America's biggest banks at a time when
so-called structured products are becoming extremely popular on
Wall Street, but customers may not be aware of their risks.
Products such as equity-indexed annuities are often sold by
brokerages and insurers and can be expensive and carry heavy
penalties for early withdrawals.
Read more at Reuters.com Government Filings News
is probing some of America's biggest banks at a time when
so-called structured products are becoming extremely popular on
Wall Street, but customers may not be aware of their risks.
Products such as equity-indexed annuities are often sold by
brokerages and insurers and can be expensive and carry heavy
penalties for early withdrawals.
Read more at Reuters.com Government Filings News
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