November 11, 2008
Greetings SEC, Thank you for allowing me to comment
1. I recently put my security license on hold because the Broker-Dealer required me to report to them on all Annuitiy
Clients in an attempt to move all annuities business to their office which may not be in my clients best interest.
2. Most of my clients are over 60 years old and any sort of investment/securities talk means they can lose their hard earned money and they are not interested.
3. This proposed rule 151A is in my opinion a power play between the SEC and Insurance Co and is not being done in the best interest of the consumer which we are supposed to be serving.
4. The Government wanted to move Social Security and allow part of it to be privatly invested and therefor LOST in the minds of much of the people in my age group and client base (I am 71 yrs young).
5. I wish to be able to continue serving my friends and clients so that they will not be required to dial 1-800 and be on the phone for hours speaking with someone they do not know and not being able to understand.