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Author: jesserivera67 Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Did my parents get burned? Date: 9/9/2003 4:14 PM
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Thanks BuildMWell...That's the route I'm taking. I can't tell you how pissed off I am with this guy. From all the posts I've read (thanks everyone.) this seems like an unbelievably poor recommendation by this advisor. I've also read more and more articles on variable annuities and how people get screwed by them again and again. How do I communicate to NASD if it comes to that?

I certainly don't blame the guy but the question comes down to..."Are you in it to help people or help yourself?" This guy went for the cash and my folks got suckered into it.

My goal will be to make this guy regret his advice. What makes matters worse is he's invested it all in Amex funds which are amongst the worst performing funds in the industry...UGH!

One quick follow up question...after going through all of this (which I fully intend on doing), assuming the worst scenario can I not tell them to open up another SEP-IRA with another firm and stop investing anything with Amex?
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