November 13, 2008

Subject: indexed annuities s7-14-08

Since indexed annuities involve the use of OTC options they clearly have security aspects. Lack of appreciation of the multiple moving parts by some folks and an inability to clearly explain how they work and don't work leaves a significant segment of the investing public at risk.

Please make sure those selling these products understand how they work and can explain them to a very confused public

Thanks

Patrick Lee