Subject: File No. S7-14-08
From: Donald J Bacsoka
Affiliation: Insurance Agent

July 31, 2008

I have witnessed firsthand in my market segment just how many people are losing money in their retirement acounts / 10, 20, 30% of value and because the values are not millions of dollars they have little follow up or direction from their brokers that originally place them in a mutual fund. By making indexed products registered products this will only hurt the consumer and give them less choices, less direction and less choice. Particularly hurt will be the middle class folks who are not being served by the money managers who only care where the big bucks are. Take away the insurance agent's ability to sell indexed products to this segment of society and you will only tie the hands of the consumer to choose, and ultimately to preserve.

Equity indexed products are fairly easy to explain and have no downside risk. When explained properly they preserve and protect assets for a middle class that usually can not afford to lose or gamble as much in the market as a more affluent person would.

Thanks.
Don Bacsoka