SBLI Withdraws CHANGES Program (9/16/16)

From SBLI: 

Following our recent announcement regarding the CHANGES program we received some unanticipated input introducing a concern that we could potentially be exposed to market conduct ramifications. As a result of these compliance considerations we are regretfully withdrawing the CHANGES Program. The October 1 scheduled launch date is now closed and the Program withdrawn with immediate effect. We apologize for any inconvenience this may cause you and thank you for your understanding in this matter.

We appreciate your continued support and partnership,
Denis Clifford
Senior Vice President, Chief Distribution Officer