Subject: File No. S7-14-08
From: Jeff Blaser, CFP®, CIMA
Affiliation: RetireCare Solutions

November 4, 2008

Please implement the proposed rules and regulations regarding equity indexed annuities. In my 17 years in the financial consulting business have never seen such abuse, especially of our seniors. The products are not bought by our seniors, they are too complicated for most to understand, they are sold by aggressive sales people seeking very high commission(10%+). The states simply do not have the ability to properly regulate these products. There is too much money(commission) involved. Every week clients, bring to me the myriad of 'free lunch' invitations they receive. On many of these, the salesman nor the company are not disclosed. The majority of the solicitors are coming from out of town as well. I hope you will act on this very necessary legislation quickly. Finally, I am series 24,31,51,63,65 and 7 licensed. Additionally I am life, a&h and long term care insurance licensed in the state of NC.

Jeff Blaser, CFP®, CIMA
CERTIFIED FINANCIAL PLANNER
CERTIFIED INVESTMENT MANAGEMENT ANALYST

RetireCare Solutions®

An Independent Firm