Subject: File No. S7-14-08
From: John W Elkins

September 7, 2008

I have been a licensed insurance agent since 1968and a CLU
for over 35 years. The main consumer problems are not insurance agents selling securities, but securities reps selling insurance products. As evidence..10% of annuities sold are index annuities but less than .1% of consumer complaints are about indx annuities,but look at the complaints about variable annuities...thru the roof.
The SEC should get it's own house in order, then try to correct the rest of the world Tens of billions of consumer dollars have been lost to securities fraud..not one dollar lost in ANY fixed annuity held to term...
So if there is no loss of money and no high number of complaints...what's going on. Surely it can't be to place more dollars to the large brokerage firms. Hopefully Congress will have the final say on this matter. The SEC is wrong and biased. JOHN W. ELKINS