Subject: Response

October 13, 2008

I am writing to oppose Rule 151A. I am an independent insurance professional who's practice includes the sale of indexed annuities to my clients, when they are suitable and in the clients' best interests. Since indexed annuity sales are regulated by the state insurance commissioners, the SEC's proposal only adds to the governmental bureaucracy. With the recent market down turn, my clients haven't lost a penny of their principal-due to the fact that I placed them in fixed indexed annuities. I strongly urge that proposed Rule 151A not be enacted.
Sincerely,
Dale Gagnard