October 27, 2008
To the SEC:
A fixed annuity is not a security. This is one area of the financial arena that doesn't need more restrictions. Currently the insurance area is one of the highest regulated in the nation and in my state I have to have more continuing ed each year than my doctor has to have to keep his license.
S7-14-08 needs to be dismissed, buried, forgotten, etc.
Use your time and efforts on those areas of the financial crisis that need more accountability.
John Jones