Subject: File No. S7-14-08
From: Fred D. Gunther
Affiliation: Financial Advisor Edward Jones Investments

October 21, 2008

I am writing in SUPPORT of proposed Rule 151A. For years I have witnessed the abuse of the public with these products, perpetrated by slick salespeople who employ deceptive sales practices in order to foist unsuitable products onto the unsuspecting.

These products are hopelessly complex, and utterly opaque to the unsophisticated buyer. I have seen more damage done to the American public by this type of finiancial product than any other in the more than 20 years that I have been in financial services.

By not performing its regulatory duty up to this point, the SEC has essentially handed a license to steal to the unscrupulous. The SEC should carry out its mission to protect the public, and do it NOW.

Fred D. Gunther, CFP,ChFC,CLU,AAMS