Subject: File No. S7-14-08
From: steven t coates
Affiliation: president, NestEgg Solutions

September 8, 2008

Annuities are highly regulated by the state insurance departmemts as are the companies that issue them. State regulations require suitability of insurance agent recommendations regarding annuities, annuity disclosure and advertising, agent licensing and training etc...
Most importantly, guaranteed minimum values for annuities are regulated through the standard nonforfeiture law and are applicable to ALL fixed annuities.

Securities regulation will add little benefit to consumer protection. The insurance industry is already well regulated, and we do not need any more red tape or unnecessary regulation. Thanks for reading my comments.