November 14, 2008

Subject: "File No. S7-14-08

Please regulate equity indexed annuities as securities. I do not sell this product, but I meet with people, mostly elderly, who have them and do not understand them. I recently lost a client who was in a fee based account with 90% of his money and 10% in REITS which we are selling back to the sponsor. The client keeps calling me needing money. It seems he was put 100% into an EIA and can only get 10% of his money per year. Shame on that rogue insurance agent. Stephen L. Garrett. CFP
Member FPA since 1994
CFP since 1994

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Stephen L. Garrett, CFP®, MBA
Senior Financial Advisor
An Ameriprise Platinum Financial Services practice

Garrett & Associates
A private wealth advisory practice of
Ameriprise Financial Services, Inc.