Subject: File No. S7-14-08
From: William F Ponce
Affiliation: MBA of Finance

July 30, 2008

I cant belive that a body like the sec wants to get involved in the insurance business that has been regulated by itself without another body of regulatory system. It appears that the sec has failed in regulating itself why do you think you can take on the insurance business? Please stay out of this business.
Thank You, William Ponce