November 16, 2008

Subject: File No. S7-14-08

To whom it may concern:

I am writing to offer my support of SEC regulation of Equity Indexed Annuities. I am a CFP® and a member of the FPA and have worked in Financial Services for 15 years. These products are too complex and confusing and most customers do not understand what they are getting into at all. The representatives selling them are usually equally unaware of how they truly work, they just know they get a large payment for selling them.
I feel that:

Thank you for your time and consideration,

Tom Magee