Subject: File No. S7-14-08
From: James P Maley
Affiliation: LUTCF

July 29, 2008

Since the average age of the experienced agent is now 55, if you put this requirement in, you are sure to lose another 50% of the licensed producers that are doing the job. This is so the Broker Dealers can skim more commission off the top while bringing nothing to the bottom line except expense to the agent.

I am licensed and this will only affect my comp, but for others, it will affect their whole way of doing business or getting out of the business.

Thanks,

Jim Maley