Subject: File No. S7-14-08
From: Mark A. Temmer

October 30, 2008

Sirs,

I wish to express my view on this proposed rule. I feel it should be not put in place. The indexed annuity is not a security. There is no need for a prospectus. The purpose of a prospectus is to inform the buyer of the potential of loss. Since there is no risk of loss in an indexed annuity a prospectus is superfluous.

The insurance industry does an extremely competent job of safeguarding the buying public. I might add a much better job than the SEC or Wall Street in general has done.

Where the buying public, in spite of a prospectus has lost more money that can be fathomed, the people in indexed annuities have had their money protected. Why would anyone want the SEC to be watching their money that is now safe?

These are just some questions from a 38 year veteran of the insurance industry and a former registered representative. I sent my license back years ago because I realized that I could not protect the retirement money of my clients without a product like an annuity.

I cannot see any reason why the SEC would want to regulate the indexed annuity market other than it is losing money to that market.

Please use good reason and logic and leave the market alone. It is doing fine without you.