August 4, 2008
I have yet to have one client who have lost even a dime from purchasing an index annuity. The reason my clients decided to purchase an index annuity is because of the loses with their past security accounts which was invested in mutual funds and variable annuities and all the fees decuted from their accounts. If you (SEC) are so concerned with the safety of people selling index annuities, I believe you better start with your own products which does incur risk and fees and with all the problems and fees paid by various brokers dealers with all the wrong doing that have occured dealing with securities, I believe the only reason you (SEC) are trying to regulate index annuities is bacause of GREED on your part
So you better clean up your own house before trying to weasel into an area which in 100% guaranteed just because you want to collect more fees