In Brief: Jun. 26, 2000

WATCH IT The SEC recently issued a warning to investors about drawbacks relating to variable annuities--retirement tools that are a cross between a mutual fund and an insurance policy. Much of the increased popularity of these annuities is due to bonuses offered by companies seeking to lure investors unfamiliar with the instruments. The SEC maintains the bonuses are often undercut by hidden, higher withdrawal fees.

FULL SPEED AHEAD Got a penchant for speeding? Some help is on the way. The National Motorist Association is offering to pay your tickets for you--for a small fee. Members pay a minimum of $5 a...

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