Subject: File No. S7-14-08
From: Dr. Stan D. Surrette, Ed.D

September 1, 2008

The SEC has many challenging priorities including regulating our banking system.

The proposed rule 151A may be one of the worst ideas the agency has ever had.

The retirement healthcare regulations motivated companies to terminate retirement health care plans.

The stock market expensing regulations saw top executives still getting their large piece of equity grants while the mid level Directors and VPs now get much fewer grants.

Now the SEC is out to put tens of thousands of insurance, health and annuity sales people out of work. The broker dealer, stock broker and financial advisor folks appears to have the SEC fooled. Independent insurance agents play a vital role in delivering retirement solutions to retirees. The SEC is once again taking a strategic action while being clueless about the destruction and unemployment impact.

Annuities based on stock market indexes are not securities. Please do your job and regulate the brokers and broker dealers who have lost billions for retiree investors since last October.

PLEASE TERMINATE THIS HOSTILE ATTACK ON HARDWORKING INDEPENDENT INSURANCE, HEALTH AND ANNUITY SALES PEOPLE.