Subject: File No. S7-14-08
From: Matthew L Hamblin

September 8, 2008

I am writing in against the proposal of 151A. In at the least you need to extend the time limit for futher discussion and evaluation to the american people. The american people (buisness owners, and consumers) will be effected in the negative if this proposal is excepted and implemented now.

Again I am AGAINST the proposal of 151A.

There is no need for duplication of already heavily regulated indexed products. The States do a exceptional perfomance already. SEC take over would not make it any better for anyone. In addition, guaranteed minimum values for annuities are regulated through the standard Nonforfeiture Law and are applicable to all fixed annuities.
Many great benefits for consumers is indicated by recent down market. DJIA has suffered a decline this year in excess of 20% for its October 2007 record, yet a fixed indexed annuity purchaser will not lose any principal due to such market performance, unlike a consumer of an equity security or a stock mutual fund , or a variable annuity.