Subject: File No. 4-606
From: Ruth K. Wassinger

August 12, 2010

Registered Representatives are held to high standards to do what is in the best interest of their clients. Regulating us to be "fee only" would be negative for clients. How could we help the client who needed assistance with a small transaction only to know that we needed to charge them a fee.
Based upon the amount that the client is wanting to invest, their time line, and risk tolerance tells us what is the best product to invest in. We use due diligence in each transaction and do what is best for the client and what is best for our pocket last.
Additional fiduciary standards are just another layer of government control that will drive good representatives out of the business and cause additional law suits for those that try to stay in the business. We are regulated so much now. Additional regulation is not necessary.