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