Regulators have agreed to delay plans to treat equity-indexed annuities like securities, but many bank-affiliated brokerages are already doing so.

For instance, at First Bank, in Creve Coeur, Missouri, the annuities cannot be sold by licensed bankers, but instead only by full-time financial consultants, according to Bruce Stava, the director of advisory sales at First Bank Wealth Management Group. And sales at the $10.8 billion-asset bank are put through scrutiny similar to that of securities transactions, he said.

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