Subject: File No. S7-14-08
From: William Cooper, JR

October 21, 2008

Anything that can be done to stop Equity Indexed annuities must be taken. Representatives need to be securities licensed, and the product needs to be securities registered. The public is told only parts of how this very complicated product is sold. There are much better investments for the public than Equity Indexed Annuities. The only reason they are sold is for the commissions and they are typically sold by inferior trained representatives who are looking for the quick buck. I have been trained on the product and when you put it up against other similiar products the performance is poor. Please stop the spread of this product any way possible.