Subject: File No. S7-14-08
From: Gregory J Ziegler, Mr.
Affiliation: LUTC, FIC, RIA, Sec. License 6

August 28, 2008

Comments: I wish to express my opposition to the proposed Rule 151A. The fixed Index Annuity Product is an Insurance product The Securities industry is promoting this rule to push their way in for control of this industry also. They additionally want this rule passed to make additional revenue from the insurance industry through the Broker/Dealers. Seniors currently are becoming more aware than ever that protection of their money is critical. They are moving their money out of the risk in the markets to safe harbors. The securities industry is seeing that and wants now a piece of the action from the insurance industry Lets make the Securities industry start doing a better job in their area, instead of pouring over into the insurance products for revenues in the insurance industry. The insurance industry has their own regulatory board that monitors and controls these products. They require agents to test and learn the proper sales techniques. Security agents are not better than insurance agents and there should be no preference to them I'm licensed in both and its not fair for insurance agents to be forced to become securities licence to continue selling a product they are already selling I oppose this Rule and request your vote to prevent this from passing