Subject: File No. S7-14-08
From: Tony K La

July 11, 2008

Equity Indexed Annuities (EIA) are far greater than Variable Annuities (VA), offering clients SAFETY net, potential for growth, and unique features like GLIR. It is VA that should be BANNED from the industry. From what I can tell, FINRA is losing membership and this is your way of "inducting members" into your organization which is illegal. Thousands of registered reps have left FINRA because of the bureacracy, layers of managements, and useless oversight. You just want to get back to us and I am not falling for that crap.