Subject: File No. S7-14-08
From: Andre J Cokinos
Affiliation: Insurance Agent

September 4, 2008

My comments against the proposed changes:

The design and sale of annuities are highly regulated by state insurance departments as are the companies who manufacture and sell them.

The securities regulation will add little benefit to consumer protection.

And most importantly, the proposed changes will impact millions of insurance agents like myself who sell these products under our current state license.

Please leave the current rules as they are.
Thanks.