Subject: File No. S7-14-08
From: JOSE J RODRIGUEZ

October 15, 2008

I CURRENTLY OFFER fIXED INDEXED ANNUITIES AS THEY ARE NOT A SECURITIES PRODUCT I FEEL COMFORTABLE OFFERING IT TO MY CLIENTS. MY CLIENTS PREVIOUSLY OWNED SECURITIES AND THEY HAVE LOST MUCH MONIES IN THOSE VOLATILE PRODUCTS. F. I. ANNUITIES ARE SO UNIQUE WITH THEIR COMPONENTS AND THE ONLY REASON I HAVE A GREAT CLIENTALE. I TAKE THEM OUT OF SECURITIES. NOW, YOU WANT TO MAKE THIS A SECURITIES PRODUCT. THEIR WILL BE MANY CHANGES IN THE PRODUCT AND THEY WILL NOT BE GREAT ANY-LONGER. I AM AGAINST THIS PROPOSED RULING BESIDES THE OWNLY REASON THIS PRODUCT IS BEING TARGETED IS FOR THE REASON THAT THE SECURITIES INDUSTRY IS LOSING A LITTLE MORE BUSINESS THAN THEY WOULD LIKE TO. WHY MONOPOLIZE THE INDUSTRY WHEN IT WAS DE-MONOPOLIZED. BEFORE SECURITIES WHERE BIG AND NOW THEY ARE NOT FOR A TIME BEING AS WE ALL KNOW THAT THE WORLD MUST TURN BACK TO IT'S ORIGIN AND BECOME TRENDY. ANOTHER POINT IS THEY SHOULD TRY TO MAKE THE CD INDEXED ACCOUNTS A SECURITY TOO. THEY DON'T BECAUSE THE MONEY ISN'T IN IT FOR THEM. HEY, THEY SHOULD GO AFTER CD'S TOO. I KNOW IT'S RIDICULOUS TO SAY THAT AS IT IS RIDICULOUS TO CREATE A MONOPOLY FOR THE SEC.