Annaly Capital Management, Inc. is a capital manager that invests in and finances residential and commercial assets. The company's principal business objective is to generate net income for distribution to its stockholders through capital preservation, prudent selection of investments, and continuous management of its portfolio. The company operates as a REIT.
For the past several years, the U.S. Department of Labor (the “DOL”) has been in the process of revising the “investment advice” regulations that...