Subject: File No. S7-14-08
From: Dennis R. Ward
Affiliation: Owner of Ward Financial Services

November 11, 2008

With regard to the SEC's Proposed Rule 151A, I would like to state that, as a business owner and licensed insurance agent, I feel that this is totally unnecessary and will do nothing more to protect our clients than is already being done. The companies that I write for, and our state insurance department are already seeing that suitability requirements, and disclosure requirements are being met. This would only be adding to the bureaucratic nightmare that American businesses are already facing. As a senior agent of over 24 years, the reason that I left my former employer, was because I did not want to have a variable license any longer and deal with all of the compliance issues that were required, or the fact that my clients could lose money in the market. I chose to deal with guaranteed products like fixed annuities so I could focus on safety and guaranteed returns for my older clients. All this would do is run many senior agents, that have been in the business many years, and are doing a great job for their clients, completely out of business. Just remember, you cannot get the crooks out of this business by over-regulating the good, honest agents.