November 14, 2008

Subject: File No. S7-14-08

As a professional who has been in the industry for 18 years I oppose the additional oversight the sec is considering. By adding this additional oversight you will only see an increase in regulation which translates to cost to the companies which will be passed on to the consumer. As the name of the product suggests these are annuities which are insurance products that should be regulated by officials who are insurance professionals and the states are doing a great job protecting the consumer already.

I encourage you to drop the rule proposal and allow the current systems in place to take care of oversight. The SEC doesn’t need to add additional work to its plate that is already being done effectively with the current system.

Kevin Clasen, CFP®
West Point Private Client Group