Subject: File No. S7-14-08
From: Christopher Hinken

July 30, 2008

The securities act of 1933 specifically addresses the annuity definitions and should not be revamped to include indexed/fixed annuities as a security. EIA's are an insurance product and not a security. As a registered representative it would make no difference from a sales standpoint however, it is the proverbial slippery slope when we change the rules in an attempt to control ethical behavior. EIA's are very appropriate for some people and extremly inappropriate for others. We add more regulation and work the honest brokers to death with compliance paperwork while the unscrupulous amoung us continue to ravage the elderly community.

Let the insurance commissioner regulate the EIA's as well as other insurance products.The SEC regulations will do nothing to stop unfair practices and deceit. That should fall to the companies and the commissioner of each state.