Subject: File No. S7-14-08
From: John S Jones
Affiliation: PIA

October 27, 2008

To the SEC:

A fixed annuity is not a security. This is one area of the financial arena that doesn't need more restrictions. Currently the insurance area is one of the highest regulated in the nation and in my state I have to have more continuing ed each year than my doctor has to have to keep his license.

S7-14-08 needs to be dismissed, buried, forgotten, etc.

Use your time and efforts on those areas of the financial crisis that need more accountability.

John Jones