Subject: File No. S7-14-08
From: Anthony Bernardo

August 25, 2008

Re: S7-14-08

I am opposed to 151A and see it as total greed and political bureaucracy on the part of the SEC. The SEC proposal mentions the billions of dollars of premiums in the past few years to purchase index annuities under a different jurisdiction I.E. insurance industry. Whats the big rush? Why not give time to examine? This is the worst thing that could happen to such a great product. In the ruling the SEC mentions that the average age of the purchaser of an index annuity is age 64. Well I believe that this is because at that age the purchaser is looking for some sort of safety net that is provided in an index annuity under the Insurance Jurisdiction and is not provided in any offering under the SEC Jurisdiction. The SEC has failed that age group in so many ways I.E. Enron and the many others that the public is so feed up and disgusted that they have been forced into looking for better alternatives not under the SEC jurisdiction. The SEC needs to concentrate on making their jurisdiction work better for the public with no more mishaps like Enron, and stay out of other jurisdictions that are working. If the SEC is so scared of loosing the money under their jurisdiction then improve that jurisdiction.

Please leave the insurance industry alone with your attempts to make a great product bad.

The SEC needs to pay more attention on own jurisdiction to improve it, to protect the public

Concerned public
Ps. You probably wont post this because it exposs your interests in a great product.