July 7, 2008
Gentlemen:
Regarding your proposal to indexed annuities, it is my firm belief that your proposal is overreaching. Come on folks... this is a contract between an insurance company and an individual...I do not see anything wrong if any company wants to participate in trading options on indeces. Let's not let the stockbrokers or the banks set the rules for you people. I know Wall street is upset because the insurance business is starting to get more and more of their money, so they are putting the pressure on you people to make this a security...! My my. Please keep up the good work on catching the crooks and leave the good guys alone. Thank you, Robert M Butticci