September 9, 2008
SEC does not have the best interest of the the savers in the United States. They are using bogus facts to make this move.
Check The National Association of Insurance Commissioners. They report 248 closed complaints for 2007 on index annuities OUT OF 200,000 COMPLAINTS. NO REASON FOR REGULATION. The public would better served if the SEC cleaned up their back yard. The public has lost TRILLIONS AND TRILLIONS of dollars under their watchful eyes. ARS, Mutual fund fee's and scandals, World com, Enron, Housing defaults and bank closures. To complain to the SEC or finra you have to hire an attorney. There more mutual funds than their are stocks publicly traded. It's a money grab by wall street. Question: Is Cox the front man for wall street? Was he a former wall street insider? Does congress need to investigate? Congress needs to step in and have hearings to see if the public is going to be hurt. It just goes to show you how low they will go for a dollar. This is bad for the public who are tired of you guys raking 3% of the top of everything, even if they loose money. STOP IT, LEAVE INDEX ANNUITIES AS A SAFE HAVEN FROM YOU GUYS.