Subject: File No. S7-26-07
From: Diane Rook-Johnson
Affiliation: CFP

November 14, 2007

Other industries should not be allowed to sell securities because of their background and experinece. Can a securities liscened individual that sells a significant number of TICs be allowed to sell real estate without a real estate liscense?

It is a step to then allow perhaps mortgage brokers to enter the securities inndustry without proper liscenses. Perhaps banks should not be required to have a securities liscense because of the dollar volume of their institution. If the real estate industry wants to sell TICs they must be required to pass the appropriate required exams and understand the securities industry.