Subject: File No. S7-14-08
From: Daniel S. Barizo, Financial Representative
Affiliation:

September 4, 2008

I am completely in agreement with the proposed rule that would make index annuities be classified as securities. The proposed rule will put more supervision on this complex product and prevent the rampant abuses that is perpetrated especially among seniors. I am an insurance agent, and a financial representative, and yet I am completely in agreement with the proposed regulation. I know the insurance industry is making a strong lobby against the passage of this rule. You have to do what is right for the public and resist all pressure from groups that have vested interest in this product.

Daniel S. Barizo
Financial Representative