October 20, 2008
Why would additional regulation be forced upon a product that clearly does not need it?
The only clients that are not seeing their accounts go down are fixed and indexed annuities.
It would appear that the best way to serve the people is to not burden them with with excessive regulation especially since their money has not suffered loss of principal like the Equity markets.
Let the American People have something that does not have a surprise around the corner.
The question is Who is really being served here: The Client or the Broker?
This unnecessary regulation only serves the Broker.
Remember The People's money is not at risk here.