Subject: File No. S7-14-08
From: Steve Rossi, Sr
Affiliation: Registered Principal

July 25, 2008

Index annuities, while guaranteeing against losses, are, in fact market linked and therefore should be regulated by the SEC. Variable annuities always have been. SEC regulation is the ONLY way to rein in the misrepresentation of this investment by under educated, under trained and commission only oriented sales people.