Subject: File No. S7-14-08

November 13, 2008

Dear Sir or Madam,

Please be aware that I favor further regulation of indexed annuities having seen several cases of mis-representation by annuity sales persons looking to make a sale by creating confusion. The public, especially the elderly, do not understand the intricacies of complex annuity products; they need further safeguards.

I am a practicing CFP, owner of a boutique financial planning firm, who entered the financial services industry when discharged from the service in 1958. The general public needs your help

Sincerely,

Gordon Peay

Gordon Peay, CFP, CLU, ChFC, MA
The Capital Advantage