Subject: File No. S7-14-08
From: Victorino R Frias, Jr.

September 3, 2008

I am opposed to proposed rule 151A. Rule 151A focuses on fixed index annuities, which are fixed annuities regulated by the state department of insurance and sold by licensed insurance agents such as myself. The SEC Rule 151A adds no consumer protections not already provided by the state insurance regulation and would in fact undermine many state initiatives concerning sales practices. It makes no sense to me that all fixed index annuities become registered products.