FINRA, those folks that like to monitor all activities to prevent misleading statements from brokers....ah now have a look at this. It is from their own site. FINRA - Investor Information - Investor Alert - Equity-Indexed Annuities—A Complex Choice "Is it possible to lose money in an EIA? Yes. Many insurance companies only guarantee that you'll receive 90% of the premiums you paid, plus at least 3% interest. Therefore, if you don't receive any index-linked interest, you could lose money on your investment." Ok here is the rub. What they want to say is, insurance companies pay the minimum guaranteed rate on 90% of the premiums. Maybe I've been hiding under a rock but I am not aware of an FIA that aside from the surrender charge, will keep 10% of your money. Their statement does sound like you can/will only get 90% of the premiums you paid. I've made a copy of this and will be making it part of my rebuttal to the SEC. Plus I am sending a copy of it to my legal guy. Perhaps he will send a letter to them discussing misleading statements. Maybe there is an insurance company out there that will keep 10% but many....I don't think so. Now if a Reg Rep would have made such a statement they would be writing a check to the FINRA arbitration board today. Paying the fine. But the folks that are above you can make mistakes and get away with it. Funny how that works.