November 17, 2008
The SEC attempted takeover of Indexed Annuities ( and we know it won't stop there) is equal to the insurance companie's trying to take control of Mutual Funds.
This is a hostile blatant attempt to eliminate the insurance professional. Annuities are developed and marketed by insurance companies. Always have been and should always remain so.
In light of the current financial crisis and the demise of many stock brokerage companies, which the SEC failed to regulate or foresee, the consumer is and always has been protected by insurance companies.