Subject: File No. S7-14-08
From: Charles A Bralish

November 17, 2008

My name is Charles A. Bralish and I am writing you in opposition to proposed rule 151A
I would like to bring to your attention one of the phone calls I had received after the market had taken a turn for the worse. Mr. Robert Bustam had called after seeing the markets fall to thank me for protecting his future retirement income, and that it looks like he wouldn't have to start over.
If the proposed rule were implemented it would restrict access to these safe products(Fixed Indexed Annuities), which offer higher interest potential and principal and minimum interst guarantees. When I say restrict access to the product, it is because of the cost of becoming a registered representative is prohibitive to many in the insurance industry.
I take my responsibility as a financial professional very seriously and that is why I choose to go over the benefits as well as any restrictions with any future prospect or existing clients. I educate them and let them make the decision to purchase.
It is crucial that I be able to offer my clients the safety and guarantees of fixed annuities to be able to secure their retirement dollars or at least a portion of them.