September 8, 2008
I am a constituent in your state. My livelihood and business as a licensed independent insurance agent may be greatly impacted by a proposed rule 151A recently published by the SEC. The SEC is seeking to require that
all fixed annuities become registered products sold only through broker-dealer and not by insurance agents.The rule adds NO consumer protection NOT already provided by state insurance regulation and would in fact undermine many state initiatives concerning sales practices. Please contact SEC chairman Cox and ask for extension for the comment period and oppose this UNECESSARY rule.
Fixed Annuities are insurance products that protect our customers needs NOT a market risk
Thank You, John Kowalski
937-313-2175