November 13, 2008

Subject: s7-14-08

As a 20 year veteran of the Financial Services industry, Certified Financial Planner and FPA member, I strongly recommend that the SEC maintain oversight of indexed annuity sales in addition to state oversight by insurance commissioners. Equity-Indexed annuities are clearly a security and without SEC oversight these products are vulnerable to abuse. Without SEC oversight these products allow unqualified agents to misrepresent themselves, misrepresent the products benefits and ignore suitability factors. Today's economy does not another train wreck.

Frank Liston, CFP®
Horizon Financial Strategies