Subject: File No. S7-14-08
From: tony steigerwald

October 14, 2008

The S.E.C. has the unmitigated gall to try to take over regulating annuities is absolutely amazing. The state regulators have done a wonderful job. Under the watchful eye of the S.E.C./ FINRA Americans have lost 9 TRILLION $$$$ in the stock market, investment banks have dissapeared, including two major wire houses, and during all this not ONE client has lost ONE DOLLAR in indexed annuities. In spite of all the above the S.E.C. thinks they will do a better job protecting the consumer. If this is true why has the FED taken away the investment banks from the watchful eye of the S.E.C./ FINRA. It is obvious to anyone that the S.E.C./FINRA is completely inept and should stay away from fixing what is obviously NOT broken.