Subject: File No. S7-14-08
From: David A. Ross
Affiliation: Life Health Agent

July 22, 2008

I have mixed feelings about the proposal. Professionally speaking, I think it is a bad, and unethical idea and one that I sense is laced with insincere motives, mainly, the proposal's true intent is to hinder insurance agents from soliciting the brokerage houses' clientele. It certainly and clearly does not in any way appear to be on behalf of the public's best interest. Personally, although in the short run, having agents acquire a Series 7 or 6 license may cost them a few weeks of studying, yet think how much more effective theyll be when doing suitability reviews with seniors and how many more dollars they'll remove from Wall Street. From experience, learning various investments is very easy compared to memorizing, testing, and knowing all the ins and outs of Medicare and Long Term Care. As it is, we, the insurance agent, cannot cross into Wall Street's territory, but they can come into ours. And so at present, Wall Street has the advantage. However, once we're all licensed, then it's fair game. But is this really what the general public wants?