Subject: File No. 4-606
From: NORMAN J HERIAN
Affiliation: AGENT

August 12, 2010

SUITABILITY STANDARDS ARE CURRENTLY GOVERNING BROKER-DEALERS AND REGISTERED ARE ALREADY STRINGENT AND HEAVILY ENFORCED. CURRENT REGULATIONS ALREADY PROVIDE STRONG AND APPROPRIATE CONSUMER SAFEGUARDS. ADDIONAL RISK OF LAWSUITS INVOLVING REGISTERED REPRESENTATIVES WILL INCREASE COSTS TO CONSUMERS..