Subject: File No. 4-606
From: Matthew R Pawloski
Affiliation: Insurance FInancial Service Sales Agent

August 12, 2010

RE: Proposed Legal Fiduciary Duty for Agents/Advisors

To whom it may concern:

Suitability standards for broker-dealers and registered representatives are already heavily monitored and enforced. Current regulations already provide appropriate consumer safeguards.

Additional risk of lawsuits involving registered representatives will increase costs to consumers. In addition, driving every registered representative to fee-only compensation will NOT necessarily result in advising the consumer at higher levels.

Thank you for your time and consideration,