Subject: File No. S7-14-08
From: FRANCO K ALBUERO III, HRH

November 17, 2008

THE SEC SHOULD LEAVE THE EQUITY INDEX ANNUITIES WITH LIFE INSURANCE AGENTS. IT IS OUR PRODUCT....NOT THEIRS. WHERE THE HELL WERE THEY WHEN THE PRODUCT WAS INVENTED.....NOW, BECAUSE THEY DO NOT HAVE A PRINCIPAL GUARANTEED PRODUCTS AND THEIR CLIENTS ARE HEMMORHAGING BLOOD AND MONEY....LOSING TRILLIONS OF DOLLARS FOR THEIT CLIENTS...THEY NOW WANT TO CLAIN OUR TURF.

I DO NOW WANT TO BE RE-LICENSED WITH SECURITIES ANYMORE.....THEY HAVE TOO MANY RULES AND HAVE TAKEN THE CREATIVITY OUT OF AMERICAN FREE ENTERPRISE SELLING.....

EQUITY INDEX PRODUCTS BELONGS TO THE LIFE INSURANCE INDUSTRY......LEAVE US BE....

THERE ARE A LOT OF DISHONEST STOCKBROKERS WHO HAVE "ROBBED" THEIR CLIENTS OF MONEY.....POLICE YOUR OWN....THE LIFE INDUSTRY WILL POLICE OUR OWN....THE PRESIDENT? OF LEHMAN BROTHERS "ROBBED"? THE COMPANY OF 480 MILLLION DOLLARS AS THE COMPANY WAS GOING DOWN....NO JAIL TIME FOR THIS INSIDER TRADING SCHEME....AND HE SAYS "HE CAN'T SLEEP AT NIGHT"......I SAY....STOP PISSING ON THE AMERICAN PEOPLE'S BACK AND TELLING US IT'S RAINING

NOW.....LEAVE THE EQUITY INDEX ANNUITIES TO US...WHICH IS A FIXED INDEX CHASIS IN THE FIRST PLACE....WHAT DAMN RIGHT DOES THE SEC HAVE TO DOMINATE THE INSURANCE INDUSTRY....WHERE ARE ALL THE NAIC COMMISSIONERS AND FEDERAL TRADE COMMISSION ON THIS?....WHERE IS JUSTICE IN THIS WORLD?....

THIS WILL DEPRIVE MILLIONS OF LIFE INSURANCE AGENTS LIKE MYSELF THE MEANS TO SUPPORT OURSELVES BECAUSE THIS IS ONE OF THE MAIN PRODUCTS IN OUR SALES PORTFOLIO.....WHY DOESN'T THE SEC DEPRIVE THE STOCKBROKERS OF STOCKS AND BONDS AND MUTUAL FUNDS AND GIVE THEM TO US?????....THEN...LET US SEE WHAT THOSE STOCKBROKERS,,,,,WHO NOW MASQUERADE UNDER THE TITLE OF "FINANCIAL ADVISERS" FEEL WHEN THEY ARE DEPRIVED OF THEIR LIVING.....AS FOR "FINANCIAL ADVISERS"?.....THOSE GENIUSES SURE LOST A LOT OF MONEY FOR THEIR CLIENTS LATELY
AS WELL AS MANY TIMES IN THE PAST.....

SO TO THE SEC....LEAVE US BE....POLICE YOUR OWN CROOKS...

FRANCO 111