Subject: File No. S7-14-08
From: Johnathan T West
Affiliation: American National

September 3, 2008

I oppose allowing the SEC to regulate the sale of indexed annuities. I beleive it is not a law that is the best interest of the consumer and that the individual states can and will regulate the sale of these products correctly.

Where there is no risk of loosing money in the market this is an insurance product not a securities.