November 14, 2008
I think something should be done to place responsiblity on the whole marketing of Index Annuities. suitabilty... understanding... there is a place for this product... My problem is the SEC does not have the creditability to supervise looking at past history... credit swaps .. seems they want to over regulate the lower end of the marketing channels to( for the good of the investor )
but destroy us with unregulated credit swaps.. big money..
The town I live in has over 30% foreclosures ... many out of work... bigger layoffs coming... SEC most take responsilities for what they have done and still doing... rather than trying to get rid of or limit their competitiom
I think something should be done with regulating Index annuities.. but not the SEC... they destroyed our pension funs and your job... now they want to control their competition... sad sad sad