Subject: File No. S7-14-08
From: J Pond

September 10, 2008

My livelihood and business as a licensed, independent insurance agent may be greatly impacted by proposed Rule 151A recently published by the SEC. Fixed Indexed Annuities are insurance products that protects your customers retirement dollars not a market risk security.

The rule adds no consumer protections not already provided by state insurance regulation and would in fact undermine many state initatives concerning sales practices.

I greatly support an extension of the comment period and oppose this unnecessary rule.

Thank you.