Subject: File No. S7-14-08
From: Dale Maitland

November 18, 2008

I am an insurance salesman and use fixed annuities to protect people from losing in the stock market like in recent weeks. To make me get a securities license to sell this would be a travesty to me and my clients. What good did securities people for their clients the last year. Umm they lost 50% or more while my clients never lost a dime.