Subject: File No. S7-14-08
From: Benny C. Yanni
Affiliation: Agent

July 11, 2008

Gentlemen:
I personally do not want to see agents being security license to sell fixed annuities. I have had an annuity for the last 30 years have not lost a dime. What has happened it can happen in any business is that some of these Agents just plainly lied to the older citizens about these fixed annuities, told them that they would be able to take their money out any time they wanted we know that this is not so, that you must leave your money in a certain amount of years. It's a shame what some crooked agents will do just to try to make a buck other agents have to suffer for these crooks. Thank You

Benny C. Yanni