NASD Head Needs a Lesson in Etiquette

The NASD chairman, Robert Glauber, recently stated, regarding indexed annuities, that, "I think what we need to do here is invite the state insurance regulators to work with us on harmonizing and clarifying the rules for fixed and equity-indexed annuities sales." Since fixed and equity indexed annuities are not under the jurisdiction of the NASD, but are completely under the authority of each state insurance department, Mr. Glauber is doing some party crashing here. If the insurance deparments wanted to invite the NASD to help them with fixed and equity indexed annuities, then it is their party to offer the invites, not the other way around. But so far, I don't think the insurance departments are interested in Mr. Glauber, or any of his securities industry associates in attending. So, why aren't the insurance commissioners at least a little offended by Mr. Glauber's remarks? Where is the uproar from the insurance departments of each state that have been so cleverly insulted by these remarks?