Subject: File No. S7-14-08
From: William E Emmons, CSFP

July 24, 2008

Since "Indexed" Annuities have no actual money at risk in the market, and are purley an insurance product with complete safety and minimum guarantees, unlike securities, they should not be lumped together with risky securities where people risk losing the investment.

I feel this is just another attempt to bring more government control into an already regulated industry.

The second problem is that this would allow stock brokers, who don't like insurance companies to cut into their profits, to control this industry.

Remember, Indexed Annuities are really not much different than bank CD's. Are you going to go after them next?

This proposal is absurd and should be rejected.

Sincerely,

William E. Emmons