Subject: File No. S7-14-08
From: SCOTT A PAPES

August 29, 2008

I think this rule is a great idea and is long overdue. I fully support it and I am encouraging all my colleagues to send their comments also. I have only heard support for this type of legislation from all my industry colleagues. I know the insurance companies and agents don't like it because they will fall under much more stringent supervision and regulation.
Keep up the good work.