Legislation

 

Can securities be sold at point of sale retail terminals under existing federal legislation? Probably.

However, even if federal legislation were required, it is the position of POSFI Systems that neither federal law changes nor Securities and Exchange Commission (SEC) regulation are needed in order to sell the initial POSFI investment vehicle.

The initial POSFI investment vehicle will be the Equity Indexed Annuity (EIA). The EIA is classified as a fixed insurance product.  Fixed insurance products fall under state jurisdiction.

Because the EIA will be the first and, initially, only investment, virtually any legislative change needed can be accomplished on the state level, making the task infinitely easier than having to deal with federal bureaucracies, such as the SEC, and engage in a multi-year lobbying effort with Congress.