I do not want more regulation that prevents me form serving my clients.
PLEASE DO NOT APPROVE the Proposed NASD Rule Imposing Specific Suitability, Principal Review Requirements for Deferred Variable Annuities (VA)!!! This would duplicate requirements currently found in the NASD's general Suitability Rule 2310, which applies to all sales of securities. If SEC regulators believe there are abusive practices in the VA marketplace, then appropriate enforcement of the existing NASD suitability rule is the solution. Why create more laws and bureaucracy when we have such laws already on the books?
THOMAS A. HAUNTY, CFP, RHU, REBC, ChFC
Helping to create, find and protect money for individuals, families & businesses