November 13, 2008

Subject: "File No. S7-14-08

As a Certified Financial Planner, and member of the FPA, I absolutely support the rule to have SEC oversight and regulation placed on Equity Indexed Annuities.

It is absolutely a shame that these insurance only licensed agents cram these down unsuspecting old peoples throats just so they can make off with a 10% commission. They sell these in a misleading way after having lured them into a free dinner. Maybe they are experts in this area since they have a CSA designation. Yea right.

Don’t let the insurance lobbyist win this one.

Do the right thing. Help protect seniors from unethical agents selling unregistered, very complex investment based products currently known as Indexed Annuities.

Robert Davenport, CFP®, CLTC®
CERTIFIED FINANCIAL PLANNING™ Practioner
President
Kentucky Planning Partners