Subject: File Number S7-14-08

August 27, 2008

Florence Harmon
Acting Secretary
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-0609

Florence Harmon:

As a licensed insurance agent, I ask you to withdraw the proposed Rule 151A. Indexed annuities should continue to be treated as insurance products, and the state insurance regulatory structure is the appropriate means for addressing the concerns raised by the SEC.

Misleading sales practices should be aggressively prosecuted, but that can be done with the rules that are already in place.

Sincerely,

June Ponder