July 30, 2008
Rule 151A should not be allowed to go forward. The SEC is trying to regulate a insurance product which falls outside of there duties to the securities industry.
Lets call a spade a spade, the SEC wants to regulate these products so that they can increase revenues to the organization, period.
I represent the greatest industry this country has (in my opinion) and as a independent I will always look to help protect and shield my clients assets from risk and Fixed Indexed Annuities are accomplishing that end.
Regards,
Jim Toddy