Subject: File No. S7-14-08
From: R. zimmerman

July 22, 2008

WHO IS THERE TO PROTECT THE PUBLIC FROM THE 'PROTECTORS'?

There is already a whole body of restrictions in place imposed by the industry on itself. In addition to that, the legal fraternity is always anxious to pounce on any perceived abuse to the unsuspecting public.

The proposed action to further regulate the sale of fixed annuity products is totally out of line, and will work not only against the interest of the advisory community, but will ultimately harm the consumer.