Subject: File No. S7-14-08
From: Glen McIntosh

August 29, 2008

Comments attached..

This regualtions will hurt those that want alternatives to securities regulated products and the unfair practices of financial advisors.

I have all ready been approached by 3 securities brokerage-agent houses in Madison, WI telling me to get my Series 65, join them and make more money from my clients that I would if it were just annuites. I was told that when SEC regulates annuties, I would be reguired to have series 65 and would not be able to offer alternatives. I would be captive agent but they said on the bright side, even though they would take half my commisions, require higher E O coverage at my cost..I could make more money by charging my clients for my time

I work with my annuity clinets one on one and meet with them 3 to 4 times a year just to go over their life and any changes. I was told many times that if I did that when the annuities are regulated, I would have to charge a fee Why...

Before I have any one get serious with annuites I sit down a minimum of 4 times at therehome so they feel conformtable. I insist that if they are older to have not only a spouse but sons or daughters involved I give them 4 visits, leave the annuity application with them unsigned for two weeks then meet again. I give them my tool free number and tell them to call me 24 hours a day.

The securities regualted brokerage housed tell me I would have to get a sell in one visit...I would not be able to have close ties with my clients.

This is nuts....is that how finiancial advisors get money from people Insurance agents I know work with there clients one on one..

This would hurt the people I dealt with in the past.

(Attached File #1: s71408-1133.pdf)