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Experts say the U.S. Department of Labor is on “shaky” ground in how it regulated fixed indexed annuities. (Photo: iStock)

Oral arguments were heard last week in U.S. District Court for the District of Kansas on behalf of Market Synergies Group, a Topeka, Kansas-based consortium of 11 independent marketing organizations that accounted $15 billion worth of fixed indexed annuity sales in 2015 through more than 3,000 independent insurance agents.

Nick Thornton

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