November 16, 2008

Subject: File No. S7-14-08

I am writing in reference to the proposed rule that would allow for SEC oversight of indexed annuity sales, in addition to state oversight by insurance commissioners. I am sending this e-mail to you supporting the Equity-Indexed Annuity Rule.

My name us Nate Wenner, I am a member the Financial Planning Association, and I am the 2008 President-Elect of the Financial Planning Association in of Minnesota. I am a CPA as well as a Certified Financial Planner (CFP)® practitioner.

I and the FPA support the rule as a means of helping to curb abusive sales practices, particularly aggressive and misleading sales tactics targeting the elderly. Problems with current regulation include:

I have seen elderly clients and prospective clients who have been sold these products with little or NO understanding of what they were buying. They deserve better.

The proposed rule is a reasonable and balanced approach to enhancing state enforcement efforts -- the vulnerable aging population needs additional protection from aggressive sales agents.

Thank you,

Nate Wenner, CFP®, CPA, PFS, CIMA®
Regional Director
Wipfli Hewins Investment Advisors