Subject: File No. S7-14-08
From: John W. Haines

August 4, 2008

I am opposed the adoption of proposed rule 151a by the SEC.

I have recommended Indexed Annuities to client since their inception. I take the time to council my client on how they work.

In the turbulent times that we are going through, I have had several client call and thank me for recommending them. My client sate that the economy may not look week but they are happy to know that there money is not at risk. In todays economy safety is a key.
I not sure what is driving these need for regulation, other than the growing popularity of a product that has a solution to no risk and fair market gain.

If isnt broke why are we trying to fix it.

Sincerely

John W. Haines