November 13, 2008
Dear sirs,
I am in favor of having SEC oversight of indexed annuities. To exempt it would, in my opinion, permit non-securities licensed personal to sell securities-based products to the public. In my experience, indexed annuities are misrepresented by both securities-licensed and non-securities-licensed agents. To exempt this product would only make matters worse.
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Harold Templeton, CFP®
Cornerstone Financial Planners, Inc.