Subject: File No. S7-14-08
From: James Backert

August 4, 2008

I am currently a RR and know the difference between a fixed product and a variable or Mutual Fund. The SEC should not be given the right to regulate a fixed Ins product. They have a difficult time overseeing the securities industries products. I am opposed to sec 151A. Leave the regulatory oversight in the hands of the Insurance industry.