Subject: File No. S7-14-08
From: George M Livingston, III, CFP

October 13, 2008

Equity Indexed annuities are the abused product I see primarily due to the lack of disclosure.

If they were regulated like securities then this deficiency would be addressed appropriately.

Investors are not sufficiently savvy to resist the high pressure tactics and can not see through the misleading
information insurance agents use.