Subject: File Number S7-14-08

September 3, 2008

To Whom It May Concern:

As a current insurance agent and Registered Representative, please be advised that I am in FULL SUPPORT of the SEC’s efforts to classify some indexed annuities as securities in the Proposed Rule Number 151A.

Having EIA’s sold only by registered reps, supervised by a broker dealer would be a positive step in beginning the process of curbing some of the abuse that has taken place in the past in this market. There are a lot of positives in full and accurate disclosure as well as assuring suitability in sales, especially to those near or in retirement.

All one has to do is watch our industry on NBC’s PrimeTime Live be embarrassed by unscrupulous agents that are obviously NOT registered representatives misrepresent these products when selling them to seniors. It makes it painfully obvious that such regulation is absolutely necessary.

Thank you,

Dennis L. Haning, ARPC
Financial Services Professional
New York Life Insurance Company Agent