Subject: File No. S7-14-08
From: Elizabeth Farley, CPA

August 7, 2008

I support this rule.

Unfortunately, EIAs are abusively market as a security with all the promises that are possible in an equity investment. Those who sell these products often perpetrate fraud by leaving otu details about the indexing methods or failing to fully disclose the surrender charges.

A consistent, universal set of regulations is what is needed.