August 27, 2008
I have been a licensed insurance professional for close to 20 years.
I also hold a Series 6, Series 63, and Series 7 license to sell securities.
It is unclear to me how an indexed annuity can be considered a security. It is an insurance product that provides the owner guarantees.
This is in marked contrast to stock market investments which provide no guarantees only the variability of the market on a daily basis.
I strongly urge the SEC to withdraw the proposed rule.
Thank you for your time and consideration.
Ann Baker Ronn
P.S. Please don't keep me a secret!
Ann Baker Ronn
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The AFP Group