Subject: File No. S7-14-08
From: morty m katz
Affiliation: rfc, cep

August 27, 2008

it always amazes me when regulatory boddies interfare
with products that are direct compitition to the stock brokers they protect. it was'nt insurance agents who
lost there clients money keeping them in an"adjusting market". we saved and recovered much of the losses. now do to a few bad apples you wan't to destroy our busines. maybe you should look in the mirror. we are not the professionals
that illutrate 10% when the market is 3%. we should sue the sec, and tie them up in court for years. do you follow insurance companies?-mk