August 11, 2008
I have been an insurance agent for thirty years and I believe that this proposal is way out of line from the SEC. I also have my variables license and do not see any resemblence of an index annuity to a securities product like mutual funds or variable annuities nor feel that it should be regulated like them. My clients feel much the same way as I do as I take the time to fully explain what it is that they are purchasing with it's upside and downside.