Looking at a fixed-indexed annuity presented to a client from another “adviser.” Just blown away these things are legal. #caveatemptor

— Jesse Felder (@jessefelder) January 21, 2012

Pays 1.1% on $500k “investment” and money is locked up for 10 yrs with 10% early withdrawal penalty-Pays selling “advisor” $32,500 on day 1

— Jesse Felder (@jessefelder) January 21, 2012

Rates of return and “adviser” commission stated nowhere in the contract.

— Jesse Felder (@jessefelder) January 21, 2012

Just amazed these things are legal. Educate yourselves, folks: cnnmon.ie/zhblNb and don’t buy this shit.

— Jesse Felder (@jessefelder) January 21, 2012

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