Subject: File No. S7-14-08
From: Mark G Wagner

December 13, 2008

I'm writing opposition of adopting the current legisation into law in repect to Indexed Annuities. All of my cleints who have purchased this product have not lost any of their value. I can understand the potential elder abuse happens by unscrupulous salespeople. Salespeople whodo this need to have all of their licences striped from them. That is why their is suitiblity form needs to be signed by the owner of the contract. Also, the insurance companies need to do a better job of oversight on the sale of the product. This product has a place in the market, not for the elderly or for people who may need to have access to their money because their is substancial penalities involved for early withdrawal. I do have a security license. This product is NOT a security.