Subject: File No. S7-14-08
From: Seymour S Hoffman, CLU, ChFC

September 7, 2008

RE: FILE NUMBER S7-14-08

Gentlemen: Before you 'bite-off more than you can possibly chew', I suggest that you take a very close look at how well you are doing over-all. What are you doing to stop 'insider trading'? What are you doing to safe-guard individual investors? What about the mortgage/financial markets? Why not regulate our banking system? What are you doing to correct the abuses with 'variable annuities'? The selling and marketing of Fixed Indexed Annuities are already regulated by individual state insurance commissions. Agents must abide by those laws, as well as the dictates of the various insurance companies offering those products. I don't believe that there is a need for further regulation, especially since the sale of Fixed Indexed Annuities, and their performance is not linked to individual stocks (mutual funds), as is the case with Variable Annuities. I've been selling life, disability income products, and annuities for over forty (40) years (Fixed Index Annuities, four (4)years, and Long Term Care for over twenty (20) years. Leave Fixed Indexed Annuities alone. They are great products and very well regulated already. THANK YOU.