Subject: File No. S7-14-08
From: Wesley R Nicholson
Affiliation: CFP

September 3, 2008

Index annuities certainly should be regulated as securities, as they are presented and sold as such to sometimes naive and misinformed investors. As with so many products in the finanical services field these have been abused by insurance agents and many clients do not understand what they are buying.

For the consumers sake please level the playing field and provide a playing field of full and fair disclosure for the consumer.