November 14, 2008

Subject: s7-14-08

We are a financial planning firm that has provided counsel to clients for 30 years. We have seen innumerable abuses particularly on senior citizens over the sale or annuities. Recently we have seen the proliferation of indexed annuities which appear to evade the loose scrutiny of other annuity sales. These complex products should be regulated as securities. There is more than a little similarity between the lack of securities regulation of indexed annuities and the evasion of regulation of the current "toxic waste debt crisis".

David W. Demming, CFP
Demming Financial Services Corp.