From: Max Davenport
Sent: March 29, 2005
To: rule-comments@sec.gov
Subject: File No. S7-06-04


KEEP ADDING TO THE RESTRICTIONS AND YOU WILL FIND PEOPLE CANCELLING THEIR LICENSE AND FINDING A DIFFERENT WAY TO EARN A LIVING. THEN THE PUBLIC CAN HAVE THE SAME PROBLEMS DEVELOP THAT HAS OCCURRED WITH LIFE INSURANCE. NOT ENOUGH AGENTS ARE SELLING IT ANY LONGER---THE PUBLIC NEEDS GREATER AMOUNTS OF LIFE INSURANCE BUT NO ONE TO SELL IT TO THEM----SAME THING CAN HAPPEN WITH FUNDS AND VARIABLE PRODUCTS. TOO MUCH BIG BROTHER FROM THOSE THAT REGULATE INSTEAD OF SELLING AND SOLVING NEEDS CAN KILL THE DEAL---THINKING THEY ARE PROTECTING THE PUBLIC.

WHEN SELLING LIFE INSURANCE, PEOPLE WANT TO KNOW WHAT HAPPENS:

IF I LIVE?

IF I DIE?

IF I QUIT?

IF I BECOME DISABLED?

ARE YOU A REPUTABLE/STRONG COMPANY?

THEY AREN'T CONCERNED WITH HOW THE PRODUCT WAS INVENTED OR HOW MUCH EACH PERSON MAKES IN THE PROCESS.

M. DAVENPORT

SAME DEAL WITH FUNDS AND VARIABLE PRODUCTS.