Subject: File # S7-14-08

September 16, 2008

I am writing you because I do not support the adoption of rule 151A, which would classify most indexed annuities as securities. I feel indexed annuities are insurance products, not investment products and, therefore, should be regulated by the state insurance regulatory departments. Also, I am concerned that if adopted this rule might be applied improperly to other annuity and insurance products.

As an insurance professional with over 30 years of experience I feel that persons guilty of engaging in misleading sales practices should be aggressively sanctioned by the regulatory authorities. However, the proposed Rule 151A is not necessary and I urge you to withdraw it from consideration.

Thank you for your consideration of my views.

Larry R. Glasco, CLU
Glasco Insurance & Financial Services, LLC