Subject: File No. 4-606
From: Stuart L Friedman
Affiliation: C.L.U, ChFC

August 9, 2010

The suitability standard governing broker-dealers and registered representatives is too lenghthy and heavily enforced standard. By implementing this rule you force up the costs of
compliance. These costs eventually will get passed down to clients in the form of higher fees.. Adding another layer of regulation means another layer of compliance, and even more cost to clients.

We are already watched like hawks by our compliance people. We have pages and pages of Suitability paperwork, replacememnt paperwork, questions on applications, all designed to make sure we are doing right by the client