Subject: File No. S7-14-08
From: John m Vucicevi
Affiliation: Naifa, MDRT, BBB, Elite IRA Group, Chamber

July 30, 2008

-this proposal is rediculous. It is a ploy to earn revenue at the expense of good people. I am registered and feel compelled to voice my opinion that an index annuity is not a security. My clients that have these as a part of their planning do not worry about this part of their investment portfolio. They do however lose sleep over their mutual funds, stock and bond though. Every day brings something new, uncontrolable and irregular. An Indexed anniity does non of that The shameful ploy to increase revenue by this proposal should be what is regulated.