October 13, 2008
Indexed Annuities are a fixed annuity with unique interest crediting methods and as such are not an investment.
Treating indexed annuities as a security only benefits regulators with political aspirations, increases the governments revenues, and increases the power of the S.E.C, all at the publics expense. The public has already been victimized by the SEC's inability to protect investors with mountains of rules/laws that they have repeatedly proven they can't properly enforce. Look at the trillions of dollars lost by investors in 2008 alone because of the SEC's failure at doing their job.
Don't allow the SEC to regulate indexed annuity investors because the cost of indexed annuities will increase far more then any illusion of protection that the SEC can hope to provide. The SEC has been a major cause of the trillions of dollars lost by investors and their terrible job performance shouldn't be rewarded with more power, control, and money.