Subject: File No. S7-14-08
From: Idelle Steinberg
Affiliation: Insurance producer

November 4, 2008

I oppose this ruling. Indexed annuities have been the domain of insurance since the industry segment was established.

There is no purpose to re-classifying them, except to expand the line of stock brokers.

Why change or fix things if they are already working well and not broken?

Indexed annuities are a main stay of my profession and career, as well as a majority of insurance professionals.

It will detrimental to my livelihood if they are reclassified.

I hope you will consider that the system is presently working well and is in no need of reclassification.

Thank you.

Idelle Steinberg