Subject: File No. S7-14-08
From: Michael Fiedler
Affiliation: Insurance Agent

September 4, 2008

I do not agree with the proposed regulations.

I believe that the current regulation provided by the states along with the stringent suitability requirements of different companies alleviate cause for additional consumer protection.

Indexed annuity crediting formulas themselves provide safety for consumers against drops in the market. These guarantees are offered to consumers at a cost that is fully disclosed to the consumers.

My business and practices (as well as others in my same position) will be greatly adversely affected if this legislation is passed. Please vote no for the proposed regulation.