Subject: File No. S7-14-08
From: Michael R Sedita

November 18, 2008

I oppose Rule 151A. I have been lisenced in Florida for 25 years. My clients Paul DuFault and Mae Hage have been in fixed annuities since 2006.Their initial deposits totalled over $800,000.They locked in gains of 20.6% and 32.68% and have lost one penny of their money. They are very happy since some of their investments in the market lost up to 50% of their money, which was over $800,000.
Another client,Kulani Rozelle has lost over $150,000.of her $500,000.in the market and is now transfering what is left into a safe Fixed Annuity.
If Rule151A goes into effect it could prevent other clients from getting into Fixed Annuities.