November 14, 2008

Subject: File No. S7-14-08 -Oversight of sales of Equity Indexed Annuities

To Whom It May Concern:

I have become familiar with File No. S7-14-08 regarding SEC oversight of sales of Equity Indexed Annuities and I am in support of this oversight rule.

I am a member of Financial Planning Association, and hold the professional designations of Accredited Investment Fiduciary and Certified Fund Specialist. I have been offering financial advice for the past 13 years and seek to provide the best advice for my clients.

I have seen many instances where clients and friends of mine, usually retired persons, have been sold unsuitable equity indexed annuities through predatory tactics. These clients would not ordinarily have purchased these products.

There are insurance agents, without securities licenses, who are misrepresenting themselves as investment advisors.

Therefore, I believe that equity indexed annuities need to be regulated like all other securities.

Thank you for reading this e-mail.

David Rochester, AIF, CFS, CLTC