November 15, 2008
Dear Sir or Madam,
I am writing in favor of the rule allowing the SEC to regulate indexed annuity sales. As a financial advisor I have seen first hand the vulnerability of the public towards complex investment products with high commissions, a description that certainly includes indexed annuities. I hope you will not fall victim to pressure from the insurance industry. We have seen what happens over the last few months when powerful industries pressure regulators.
Thank you.
Jonathan Becker
Walnut Creek, CA