Subject: File No. S7-14-08
From: Mabel T. Flowers, CFP

July 30, 2008

Passage of this bill will not be a good thing. As it is, SEC has a difficlult time scrutinizing securities. Securities require additional licensing and expenses, so an insurance agent will incur extra expenses just to stay in business if this bill passes. Those extra expenses will certainly be passed on to the consumer in the way of poorer performing product (longer maturity dates). Insurance products do not incur the possibility of loss as do securities. Let the state insurance departments regulate insurance...not the SEC.