Subject: File No. S7-14-08
From: Bradley D Vey
Affiliation: Marketing Consultant

November 17, 2008

The commission's action would restrict public access to an increasingly popular product and that the appeal of indexed annuities it that they are not securities and not subject to risk of loss from market activity. Fixed Indexed annuities are currently subject to comprehensive sate insurance regulation.

With market conditions today where many people including my father have lost a large portion of their retirement, it my father was in a fixed indexed annuity he would not be down over 50% in his portfolio. If 151A passes you will be doing a great injustice to all Americans Not only are you hurting people who want downside protection just think of all the jobs that you will be hurting, just what we need more job loss in our country. I have only been working in this industry for a couple of years and all I can say is that not one of our agents clients lost $1 due to market conditions, and I can go to sleep at night knowing that because of what I do I am helping people from losing their nest egg which they spent the majority of their life building.