Subject: File No. S7-14-08
From: Christopher Hain
Affiliation: Financial Advisor, Wachovia Securities

August 15, 2008

I support classifying Indexed Annuities as securities because of the complexity of the products and the fact that individuals who sell them currently only posess insurance licenses.

Classifying indexed annuities as securities would protect the general public from aggressive sales tactics committed by poorly trained individuals by requiring extra training for securities licenses.

The move would protect consumers of indexed annuities since it would require a higher level of competancy from those indivuals who sell them. I think this would aid consumers in making the best choise for their investments.

Chris Hain, AAMS
Financial Advisor
Wachovia Securities, LLC