Subject: File No. S7-14-08
From: Irving Katz
Affiliation: CLU, CHFC, MBA, MSFS, RHU

July 19, 2008

This is a blatant power grab by FINRA. They are desperate for revenue and want to control Equity Indexed Products badly. There is already enough regulation, compliance and legislation in this area. These are not securities products and FINRA should not be allowed to police these products.