September 1, 2008
We don't need anymore regulations,we have enough oversight at the state levels and the consumer would lose a valuable asset that is not being sold by the broker dealer network. The reason being is that there are no annual fees that can be charged to the consumer. The brokers are only looking for money under management. The Fixed Index Annuity does not allow for that. Leave it alone and let the state oversight handle the product.
Thank you
Joseph Santaniello
Kingston NH