Subject: File No. S7-14-08
From: Robert e mayberry
Affiliation: CLU , CSA,

August 19, 2008

To whom it may concern, I am a 46 year veteran of the insurance industry-35 year member of the MDRT, received my CLU in 1977, My CFP in 1985( let lapse in 2007) My CSA in 2005. I let my securities license expire @ four years ago--Why--I have decided not to sell equity based investments to Seniors. I do not feel that risk is appropriate for this market place. When a client asks for Equity based products I refer them to someone in that business.

I sell Equity index annuities because there is no risk to their principal. They do not invest in the marketplace--they determine their interest rate by the crediting option they choose--that's it--

I explain all of the options that the client has in order to access their funds. We go over the penalties and surrender charges. I practice full disclosure for all my clients.

I do not need the SEC to regulate or license me in how I conduct my business They have their hands full with the securities industry. They need to put the ethics back in that industry and stop telling the seniors to not worry about the marketplace--"it always comes back" the Equities mantra that hurts so many people. I sell the Guarantees-thats what these are. The Sec should police the industry that needs their watchful eye. We are not selling investments, we are selling Guarantees and peace of mind.

Bob Mayberry

FINRA is doing a great job for public education and awareness. That is where they are needed and where they should stay.We do not need them as a regulatory body.