October 20, 2008
I am 100% against your plans to include indexed annuities as securities. the reason is that you think that all producers are dishonest and ignorant. i have been in the industry to 11 years now. i have never had a complaint against me for any reason. i do not sell things that are inappropriate to people.
why do you want to punish everyone for the mess ups of a few. it is just not reasonsable.
i think that maybe the other reason that you want to include it as a security is because the broker dealers could then take a hair cut from all that we produce. they are being hurt from this and they do not like it. we do not need more laws to restrict us. Please allow us to serve our clients. if some mess up then punish them - NOT ALL US.
please do not do this.
thanks
Ted Roberts