Subject: File No. S7-14-08
From: Stephen SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS Meyer, esquire
Affiliation: Atty. active in Securiies litigation

November 5, 2008

Itis my belief that Indexed Annuities ought to be regulated as any other security.Its a dangerous practice to allow an insurance salesman to sell these as investments , when its is so closely tied to the market, without any regulation or training, other than an insurance licenee.
Experience shows that an insurance saleman is motivated to sell a produict without regard to its suitability for the client.