November 14, 2008
I support the proposed rule listed above.
I am a CFP and have been in the business for over 8 years. Without a doubt in my time in the business the most abused product has been and continues to be the sale of indexed annuities. They are misrepresented and just need more oversight. I have the ability to sell the product so it is not that I am against it but I have seen many long surrender charge products that are inappropriate as well as products sold for potential returns that are not historically realistic.
Thank-you,
David
DAVID WALDEN
CERTIFIED FINANCIAL PLANNER™
Raymond James Financial Services