User: 
---
           
return answer between these tag <answer> write answer here</answer>
**Prompt**:
You have a deep understanding of the language of financial markets and its regulations. Please analyze the stakeholder comments in response to the US Security and Exchange Commission’s proposed rules regulating financial market participants. Examine the approval scores of the proposed rule (score ranging from -1 to 1, where -1 is strong disapproval and 1 is strong approval). Do you agree with the 2) output the number of positive terms indicating approval, neutral terms and negative terms indicating disapproval. 3) number of suggestions provided in the comment
Output in this format: Approval Score, # Positive Terms, # Neutral Terms, # Negative Terms, #Suggestions.
**Example Output**:
{
    "approvalScore": 0,
    "positiveTermsCount": 0,
    "neutralTermsCount": 0,
    "negativeTermsCount": 0,
    "suggestionsCount": 0,
}

Assistant: Understood. I will strictly follow these instructions in this conversation.
User: 
You are required to think through the problem carefully before answer and present your thinking in response.
Your thinking should not stop until you are confident.

First, break the task into parts and evaluate step by step whether your predicted answer is correct.

On each step, evaluate your thinking also.

The problem is as follows:

You have a deep understanding of the language of financial markets and its regulations. Please analyze the stakeholder comments in response to the US Security and Exchange Commission’s proposed rules regulating financial market participants. Examine the approval scores of the proposed rule (score ranging from -1 to 1, where -1 is strong disapproval and 1 is strong approval). Do you agree with the 2) output the number of positive terms indicating approval, neutral terms, and negative terms indicating disapproval. 3) number of suggestions provided in the comment. Output in json form Approval Score, # Positive Terms, # Neutral Terms, # Negative Terms, #Suggestions.

The comment is below:

j $ b 
 
 
 A l l i a n z @ 
 
 N o \ l 1 7   2 0 0 8   
 
 c i ( 
 
 
 A l l i a n z L i f e I n s u r a n c e C o m p a n y o f   N o r t h   A m e r i c a   
 
 S t e w a r t   G r e g g   
 M a n a g i n g S e n i o r   S e c u r i t i e s   C o u n s € l   
 C o r p o r a t e L 6 g a l   
 5 7 0 1   G o l d e n   H i l l s   D r i v e   
 M i n n e a p o l i s . M N   5 5 4 1 6 ' 1 2 9 7   
 
 T e f   e p h o n e :   7 6 3 - 7   6 5 - 2 9 1 3   
 T e l e f a *   
 s t e w a r t . g r e g g @ a l l i a n z l i f e . c o m   
 w w w . a l l i a n z l i f e . c p m   
 
 7 6 3 - 7 6 5 - 6 3 5 5   
 
 F l o r e n c e E .   H a r m o n 
 
 A c t i n g   S e c r e t a r y 
 
 U n i t e d   S t a t e s   S e c u r i t i e s   a n d   E x c h a n g e   C o m m i s s i o n   
 1 0 0 F   S t r e e t ,   N E 
 
 W a s h i n g t o n , D C   2 0 5 4 9   - 4 6 4 4 
 
 
 E - m a i l f i l i n g   a d d r e s s :   r u 1 e - c o m m e n t s @ s e c . q o v   
 
 D a t e : N o v e m b e r 1 4 , 2 0 0 8   
 
 R e :   	   P r o p o s e d   R u l e m a k i n g   R e g a r d i n g   F i x e d   I n d e x   A n n u i t i e s 
 
 
 F i l e   N o .   5 7 - 1 4 - 0 8 
 
 
 D e a r C o m m i s s i o n e r s a n d   S t a f f :   
 
 T h i s   l e t t e r i s   b e i n g p r o v i d e d t o   y o u   o n   b e h a l f   o f   A l l i a n z   L i f e   I n s u r a n c e   C o m p a n y   o f 
 
 N o r t h A m e r i c a ( ' A 1 l i a n z , " " w e , "   ' 1 l s , " " o u r " )   t o   c o m m e n t   o n   t h e   C o m m i s s i o n ' s   p r o p o s e d 
 
 R u l e   1   5   1 A   r e g a r d i n g   f i x e d   i n d e x   a n n u i t i e s   ( " F I A s ' ) .     A l l i a n z   p r e v i o u s l y   p r o v i d e d   t h e 
 
 C o m m i s s i o n w i t h   c o m m e n t s   o n   t h e   p r o p o s e d r u l e   o n   S e p t e m b e r   1 0 ,   2 0 0 8   ( t h e " I n i t i a l 
 
 A l l i a n z C o m m e n t   L e t t e t ' ' o r   t h e   " L e t t e r " ) . H o w e v e r .   t h e   C o m m i s s i o n h a s e x t e n d e d t h e 
 
 c o m m e n t p e r i o d f o r   t h e p r o p o s e d r u l e   t o   N o v e m b e r   1 7 ,   2 0 0 8 ,   a n d   w e   w o u l d   l i k e   t o 
 
 s u p p l e m e n t o u r   L e t t e r   w i t h   a d d i t i o n a l   i n f o r m a t i o n . 
 
 
 W e   b e l i e v e   t h a t   t h e   r e c e n t   t u r b u l e n c e   i n   t h e   f i n a n c i a l   m a r k e t s   h i g h l i g h t s   a n d   r e i n f o r c e s   a 
 
 n u m b e r o f   t h e   o o i n t s   t h a t   w e   m a d e   i n   t h e   I n i t i a l   A l l i a n z   C o m m e n t L e t t e r .   A s a i n s t   t h e 
 
 b a c k d r o p o f   r e c e n t   e v e n t s ,   w e   b e l i e v e   i t   w o u l d   b e   i n a d v i s a b l e   f o r   t h e   C o m m l s s i o n   t o   t a k e 
 
 a n y a c t i o n ,   s u c h   a s   t h e   a d o p t i o n   o f   p r o p o s e d R u l e   1 5 1 A ,   t h a t   w o u l d   r e d u c e   t h e 
 
 a v a i l a b i l i t y   o f   s a f e ,   c o n s u m e r - f r i e n d l y   f i n a n c i a l p r o d u c t s s u c h   a s   f i x e d   i n d e x   a m u i t i e s . 
 
 P u t   s i m p l y , w e   b e l i e v e   t h i s   w o u l d   b e   c o n t r a r y   t o   t h e   b e s t   i n t e r e s t s   o f   c o n s u m e r s . 
 
 
 R E C E N T   E V E N T S   
 
 M a n y   o f   t h e   c o n c e m s   r a i s e d   i n   o u r   I n i t i a l   A l l i a n z   C o m m e n t   L e t t e r   w e r e ,   u n f o r h r n a t e l y , 
 
 r e a l i z e d o v e r   t h e   l a s t   f e w   m o n t h s .   S h o r t l y   a f t e r   o u r   L e t t e r   w a s   f i l e d ,   t h e   e q u i t i e s   m a r k e t 
 
 c o l l a o s e d . a n d t h e   S & P   5 0 0   l n d e x   d e c l i n e d   f r o m   7 . 2 3 2 . 0 4   o n   S e o t e r n b e r   1 0   t o   9 0 9 . 9 2   o n 
 
 O c t o l e r   9 .   T h i s   a d d e d   t o   a n   a l r e a d y   d i s m a l   y e a r . F r o m   t h e   b e g n n i n g   o f J a n u   a r y   2 , 2 0 0 8 , 
 
 t l i r o u g h t h e   e n d   o f   O c t o b e r   9 ,   t h e   S & P   5 0 0   I n d e x   d e c l i n e d   a   s t u n n i n g   5 5 8 . 4 4 p o i n t s o r 
 
 3 8 % . I n   a d d i t i o n ,   f o r   t h e   y e a r f r o m   O c t o b e r   1 0 , 2 0 0 7   t h r o u g h   O c t o b e r   9 ,   2 0 0 8   t h e   S & P 
 
 5 0 0 I n d e x   d e c l i n e d   6 5 2 . 5 5   p o i n t s o r   4 2 0 1 0 .   
 t h r o u g h 4 0 1 ( k ) p i a n s w e r e   f i i t   p a r t i c u l a r l y h a r d .   O n   O c t o b e r   8 , 2 0 0 8 ,   t t i e   W a l l   S t r e e t 
 
 
 i n v e s t i n g   i n   r i s k y   s e c u r i t i e s 
 
 
 C o n s u m e r s   
 
 
 E   
 
  \ 
 
 
 J o u m a l g e p o r t e d l o s s e s   o f $ 2   T r i l l i o n   i n   w o r k p l a c e   r e t i r e m e n t p l a n s f o r   t h e   p r e v i o u s 1 5   
 m o n t h s . '   
 
 I n   m a r k e d   c o n t r a s t t o   t h e   m a s s i v e   l o s s e s   i n c u r r e d   i n   t h e   e q u i t y   m a r k e t s , p u r c h a s e r s o f   
 F I A   p r o d u c t s e x p e r i e n c e d n o   l o s s   o f p r i n c i p a l .   T h e   f o l l o w i n g   c h a r t   s h o w s   t h e   s t a r k   
 d i s t i n c t i o n b e t w e e n a n   F I A   w ^ i t h   i n s u r a n c e g u a r a n t e e s a n d   a n   i n v e s t m e n t   i n   a   s e c u r i t y   t h a t   
 h a s   n o   g u a r a n t e e s . T h i s   c h a r t '   c l e a r l y   d e p i c t s   t h e   s i g r r i f i c a n t   r i s k s   t o   i n v e s t o r s   i n   
 s e c u r i t i e s   o r o d u c t s .   a n d   t h e   c o m D a r a t i v e   a b s e n c e   o f r i s k     t o   p u r c h a s e r s o f   F I A s .   T h i s   i s   
 b e c a u s e   t h ^ e   i n s u r * " "   
 
 i s   a b s o r b i n g   a l l   o f   t h e   i n v e i t m e n t   r i s k .   
 
 " o - p a n y   
 
 A l l l a n z   H A s   a n d   t h e   S & P   5 ( x ) ,   J a n u a r y   1 ,   1 9 9 9   t o   O c t o b e r 9 ,   2 0 0 8   
 
 $ 1 5 0 , 0 0 0   
 
 $ 1 5 0 , 0 0 0   
 
 5 1 4 0 , 0 0 0   
 
 $ 1 : 8 , 0 0 0   
 
 $ 1 2 0 , 0 0 0   
 
 $ 1 1 0 , 0 0 0   
 
 $ 1 $ , 0 0 0   
 
 $ 9 1 , 0 0 0   
 
 $ 8 0 , 0 0 0   
 
 $ 7 0 , 0 0 0   
 
 $ 6 0 , 0 0 0   
 
 $ 5 0 , 0 0 0   
 
 J   a   n   9   9 J   a   n   t   E     J   a   n   0   l     J   a   n   0   2     J   a   n   0   3     J   a   n   0   4     J   a   n   0   5     J   a   n   E     J   a   n   0   7     J   a   n   0   8     J   a   n   0   9     
 
 W e   b e l i e v e   t h a t   t h e   C o m m i s s i o n ' s   p r o p o s e d R u l e   1 5 1 A ,   i f   a d o p t e d   a s p r o p o s e d , h a s   t h e   
 p o t e n t i a l t o   c a u s e   s i g n i f i c a n t   c o n s u m e r   h a r m ,   f o r   t h e   f o l l o w i n g   r e a s o n s :   
 
 o   	   l f p r o p o s e d R u l e   l 5 1 A   i s   a d o p t e d   a s p r o p o s e d , F I A   s a l e s   w i l l   d r o p   s i g n i f i c a n t l y   a s   
 a r e s u l t   o f t h e   f a c t   t h a t   o n l y   r e g i s t e r e d r e p r e s e n t a t i v e s w i l l   b e p e r m i t t e d t o   s e l l   F I A s   
 a n d   t h e s e   r e p r e s e n t a t i v e s   w i l l     n e e d   t o   o p e r a t e   t h r o u g h   b m k e r - d e a l e r   f i r m s .   T h i s   w i l l   
 r e s t r i c t p r o d u c t a v a i l a b i l i t y   a n d   h a r m   c o n s u m e r s .   
 
 T h e   c o s t s o f m e e t i n g   s e c u r i t i e s   l a w   r e q u i r e m e n t s   i n   a d d i t i o n   t o   i n s u r a n c e   i n d u s t r y   
 r e q u i r e m e n t s w i l l     b e   s i g n i f i c a n t .   T h i s   w i l l     h a v e   t h e   r e s u l t   o f   i n c r e a s i n g   F I A   c o s t s   o r   
 m a k i n g   F I A   b e n e f i t s l e s s g e n e r o u s . T h i s   w i l l   h a r m   c o n s u m e r s .   
 
 I f   F I A   s a l e s   a r e   r e s t r i c t e d ,   c o n s u m e r   c h o i c e   a n d   c o n s u m e r   a s s e t p r o t e c t i o n w o u l d   
 b e   d e t r i m e n t a l l y   a f f e c t e d .   C o n s u m e r s   w o u l d   b e   f o r c e d e i t h e r   t o   c h o o s e   a m o n g   a   
 
 J s n n i f e r L e v i t z ,   " W o r k p l a c e R e t i r € r n e n t   P l a n s   S u f f e r   $ 2   T r i l l i o n   i n   L o s s e s , "   W d l S . E g g t l e U l q d     a t   w s j . c o m ,   
 O c t o b q 8 , 2 0 0 8 .   
 
 T h i s   c h a d   s h o w s   t h e   A l l i a n z   M a s t e r D e x   5 ,   w h i c h   i s   A l l i a n z '     t o p   s e l l i n g   s i n g l e   t i e r   F I A     T h i s   p r o d u c t h a s a   5 o l o   
 p r e m i u m b o n u s   t h a t   v e s t s   i m m e d i a t e l y ,   a   s u r l s r d e r   c h a r g e   s t a r t i n g   a t   l 5 7 o   i n   y e a x o n e   a n d   d e c l i n i n g   t o   0 o l o   a f t e r   t e n   
 f u l l   y e a r s ,   a   p a t i c i p a t i o n   r a t e   o f   1 0 0 0 / 0 , a n d m o n t h l y   c a p   t h a t   i s   d e c l a r e d   a t   t h e   b e g i n n i n g   o f   e a c h   y e a r . F o r   n e w   
 c o n t r a c t s , t h i s   m o n t l l y     c a p i s   2 . 7 % ,   a r d   i s   g u a r " a n t e e d t o   b e   n o   l e s s   t h a n   1 . 0 % .   T h e   M a s t e r D e x   5   p r o d u c t w a s   f i r s t   
 m a r k g t e d o n M a y   2 5 ,   2 0 0 4 .   A n y   s t a t i s t i c a l   i n f o r m a t i o n   f o r   t h e   p r o d u c t i n   t h i s   l e t t e r   p r i o r   t o   s u c h   d a t e   a s s u m e s   a   
 h l p o t h e t i c a l   c a p   o f 2 . 7 %   f o r   t h a t   p € r i o d ,     T h e   S & P   5 0 0   I n d e x   s h o w n i n   t h i s   l e t t e r   d o e s   n o t   i n c l u d e   d i v i d e n d s .   
 
 a 
 
 
  " l   
 
 d i m i n i s h e d r a n g e o f p r i n c i p a l - p r o t e c t e d s a v i n g s p r o d u c t s o r   t o   m o v e a s s e t s i n t o   
 m o r e r i s k y   s e c u r i t i e s p r o d u c t s , s u c h a s e q u i t i e s , i n   w h i c h   t h e y   w o u l d   b e   s u b j e c t   t o   
 p o t e n t i a l l y s i g n i f i c a n t   r i s k   o f   l o s s o f   p r i n c i p a l .   
 
 I n   s u m , w e   b e l i e v e   t h a t   m o s t   w e l l - i n f o r m e d   c o n s u m e r s r e v i e w i n g t h e   c h a r t c o n t a i n e d   i n   
 t h i s   l e t t e r   w o u l d   p r e f e r t h e   r e a l - w o r l d   p r o t e c t i o n s o f s t a t e   i n s u r a n c e   l a w s   t o   t h e   
 t h e o r e t i c a l p r o t e c t i o n s o f   t h e   F e d e r a t   s e c w i t i e s   l a w s .   A n y   r u l e ,   s u c h   a s   p r o p o s e d   R u l e   
 1 5 1 A ,   t h a t   m a k e s   c o n s u m e r - f r i e n d l y   
 e x p e n s i v e s h o u l d   b e   s u b j e c t e d   t o   v e r y   c r i t i c a l   s c r u t i n y .   I f   a d o p t e d   a s   p r o p o s e d ,   p r o p o s e d   
 R u l e   1 5 l A     c o u l d   c a u s e s u b s t a n t i a l c o n s u m e r h a r m . T h e   C o m m i s s i o n   s h o u l d   r e i e c t   t h e   
 R u l e   i n   i t s   c u r r e n t   f o m r .   
 
 p r o d u c t s s u c h   a s   F I A s   l e s s a v a i l a b l e   
 
 o r   m o r e   
 
 C O N C L U S I O N   
 
 A s   o u t l i n e d   i n   t h i s   l e t t e r ,   w e   b e l i e v e   t h e   p r o p o s e d R u l e l 5 1 A   w o u l d   b e   c o u n t e r ­ 
 p r o d u c t i v e a n d   a n t i - c o n s u m e r   
 
 W e   w o u l d   a l s o l i k e   t o   m a k e   t w o   c l o s i n g   p o i n t s r e g a r d i n g t h e p r o c e s s o f   t h e p r o p o s e d   
 r u l e :   
 
 o   	   A s   t h e   C o m m i s s i o n i s   a w a r e ,   t h e   i n i t i a l   c o m m e n t p e r i o d f o r   t h e   p r o p o s e d r u l e   w a s   
 s h o r t f o r   a   r u l e   o f   t h i s   s i g r r i f i c a n c e . I n   t h e   I n i t i a l   A l l i a n z   C o r n m e n t   L e t t e r ,   w e   
 r e c o m m e n d e d t h a t   t h e   C o m m i s s i o n   e x t e n d t h e   c o m m e n t p e r i o d b y   9 0   d a y s . T h e   
 C o m m i s s i o n d i d   n o t   f o l l o w   t h i s   r e c o m m e n d a t i o n , b u t   r a t h e r   c l o s e d   t h e   c o m m e n t   
 p e r i o d . S u b s e q u e n t l y , i n   m i d - O c t o b e r , t h e   C o m m i s s i o n   r e - o p e n e d   t h e   c o m m e n t   
 p e r i o d f o r   3 0   d a y s .   W e   b e l i e v e   t h i s   b a c k - a n d - f o r t h ,   o p e n - a r r d - c l o s e d   p r o c e s s h a d   
 t h e   e f f e c t   o f   r e s t r i c t i n g o p e n c o m m e n t .   I n t e r e s t e d   p a r t i e s w e r e   f o r c e d   t o   c o m m e n t   
 i n   a   r e s t r i c t e d p e r i o d .   P a r t i e s   t h a t   c o u l d n ' t   p r e p a r e a   s u b m i s s i o n   w i t h i n   t h e   o r i g i n a l   
 p e r i o d   p r e s u m a b l y   a b a n d o n e d t h e i r   a t t e m p t   t o   c o m m e n t   w h e n   t h e   i n i t i a l   c o m m e n t   
 p e r i o d w a s   n o t   e x t e n d e d .   T h e   e x t e n s i o n   o f 3 0   d a y s   i s   t o o   s h o r t ,   a n d   a n e x t e n s i o n a   
 m o n t h   a f t e r   t h e   c l o s i n g   o f   t h e   o r i g i n a l   c o m m e n t   p e r i o d d o e s l i t t l e   t o   a s s i s t p o t e n t i a l   
 c o m m e n t e r s w h o   b e l i e v e d   t h e y   w e r e   b l o c k e d   o u t   o f   c o m m e n t   a n d   h a v e   m o v e d   o n   
 t o   o t h e r   m a t t e r s .   
 
 o   	   W e   b e l i e v e   t h a t   T h e   C o m m i s s i o n   h a s   r e c e i v e d   f a u l t y   a n d   u n s u p p o r t e d   d a t a f r o m   
 
 s u p p o r t e r s   o f   t h e p r o p o s e d R u l e .   C e r t a i n   o f   t h i s   q u e s t i o n a b l e " d a t a "   w a s   i n c l u d e d   
 i n   t h e t e x t o f   t h e p r o p o s e d r u l e .   I t   i s   p o s s i b l e t h a t   t h e   C o m m i s s i o n   w i l l   r e c e i v e   
 f u r t h e r   f a u l t y   d a t a   d u r i n g   t h e   e x t e n d e d   c o m m e n t   p e r i o d . W e   r e q u e s t   t h e   a b i l i t y   t o   
 r e v i e w a n d   r e s o o n d   t o   a n v   d a t a r e c e i v e d   b v   t h e   C o m m i s s i o n   t h a t   i s   r e l i e d   u p o n b v '   
 t h e C o m m i s s i o n i n   g o i n g - f o r w a r d w i t h   p r o p o s e d R u l e   I   5 l   A ,   t o   h i g h l i g h t   f o r   t h e   
 C o m m i s s i o n a n y   f a c t u a l   e r r o r s   i n   t h i s   i n f o r m a t i o n .   
 
 E 
 
 
  S i n c e r e l y y o u r s ,   
 
 k " * *     R   * o   t E - 
 
 S t e w a r t   D .   C r e g g , 
 
 M a n a g i n g S e n i o r S e c u r i t i e s   C o u n s e l 
 
 
 c c :   	   C h a i r m a n C h r i s t o p h e r   C o x   
 
 C o m m i s s i o n e r K a t h l e e n   L .   C a s e y   
 C o m m i s s i o n e r E l i s s e   B .   W a l t e r   
 C o m m i s s i o n e r L u i s A .   A g u i l a r   
 C o m m i s s i o n T r o y   A .   P a r e d e s   
 B r i a n   G .   C a r h & : r i g h t , G e n e r a l   C o u n s e l   
 A n d r e w   N .   V o l l m e r ,   D e p u t y   G e n e r a l   C o u n s e l   
 
 

Please provide your final answer at the end,in answer tag:

<answer> write answer here</answer>

Assistant: