Subject: File No. S7-14-08
From: Patrick Robertson

July 2, 2008

To Whom it May Concern
I am a licensed insurance agent as well as a registered representative. I am in favor of fixed index annuities being made securities. It has been my observation that unfortunately too often those not holding a securties license do not follow the rules of not advising clients about securities. This happens typically when clients are advised to sell securities by an insurance agent not licensed to discuss securities.

There can always be unethical advisors even with a securities license but I believe the improved oversight coming from the broker dealer will eliminate much of the sales abuse.