November 13, 2008

Subject: SEC Oversight of Indexed Annuities s7-14-08

To Whom it May Concern:

I DO NOT support efforts to place Indexed Annuities under SEC regulatory supervision, for even though there may be some abuses involving the sale of these annuities………………they are simply NOT a “security”, and should continue to fall under State Insurance Dept. juristiction I would suggest backing off this idealistic wild goose chase, and mind your own business. Your regulatory efforts should be directed toward those CEOs and Top Executives whose greed helped cause this current financial crisis, yet continue to rake in billions of dollars in blood money rewarded for failure & mediocrity. When is this insanity going to end??

Respectfully,

Douglas E Mowrey