Subject: File No. S7-14-08
From: Glen McIntosh
Affiliation: Insurance Agent

August 5, 2008

Most agents I know work very closely with clients regarding fixed annuites. Clients understand that they are an insurance product. I have had several fiancial advisors tell me to suppport regulation so I can charge fees and get more money. That is not fair.

FIA fill a gap for those that are not able to lose big money to an fiancial advisors and those that can only afford a CD and lose money to inflation. They all view them like a CD, only they hae flexiblity.

If anything have the states continue to regulate and require more CE each year.

Regulation would only further hurt the public.