Subject: File No. S7-14-08
From: NATALIE LEE
Affiliation: TAX PROFESSIONAL

September 2, 2008

I am against the proposed ruling 151A on the ground that

1) Indexed annuities are fixed annuities that guarantee a minimum interest rate with the opportunity to earn more
credits in excess of that guarantee. A security product
never "guarantees" anything.

2) The product is highly regulated by state insurance department. We don't need double regulation.

3) A fixed indexed annuity will not lose any principal which is fully disclosed to the purchaser. The purchaser enjoys the benefits of both worlds - a highly secured
financial product with opportunity of moderate growth, just a little bit better than fixed interest rates every bank is offering.

The mission of the SEC is to protect the consumers while
promoting savings for retirement, not to deprive them of
any such good means leading to a better retirement life.