Subject: File No. S7-14-08
From: Jay R. Penney, CFP, CFA
Affiliation: Jay R. Penney, L.L.C.

November 13, 2008

I am an FPA Member, and I urge you to implement SEC oversight, in addition to State regulation, to Equity Indexed Annuity and Life Products.

Thank you,

Jay R. Penney, CFP, CFA
President,
Jay R. Penney, L.L.C.