August 9, 2008
There needs to definitely be regulation by the SEC on annuities for the elderly because as our NC Dept of Insurance has proven, (and many medical doctors and the NC Attorney General's Office will agree on this), that they will do nothing to annuity salesmen (insurance agents) who prey on the elderly. Will be glad to provide a NC DOI file on recent person with numerous complaints and settlements showing that the NC DOI still stands by and does nothing, allowing the predator to continue to be licensed and damage more elderly. It amazes me that the NC DOI is not regulated nor has to answer to anyone on this huge injustice, which is the whole reason they are to exist. They still have yet to ask for any evidence to investigate. Please contact me and I will be glad to provide evidence from doctors and accountants as to the damage as well as many files of proof.