November 14, 2008

Subject: File No S7-14-08

File No. S7-14-08

RE: Equity Indexed Annuity Rules

To Whom It May Concern:

I, Gregory K. Bowser, CFP® am a member of the Financial Planning Association and I do not support the proposed rule of allowing the SEC oversight of indexed annuities. I have over 22 years experience in the financial services industry and have not witnessed any evidence to support the fact that the SEC can help protect investors any better than the state run insurance commissioners. My vote is to keep the SEC as far away from insurance products as possible. The only reason the securities industry wants to regulate the index annuities is so they can get a piece of the commissions generated since the rest of their business model is broken. We, as a nation and a profession, have made many misstates. Please do not let this be another one.

Sincerely,

Gregory K Bowser, CFP®
AMS
ASSET MANAGEMENT SERVICES, INC.
REGISTERED INVESTMENT ADVISOR
GREGORY K. BOWSER,CFP ®