Subject: File No. 4-606
From: David M Koll
Affiliation: NAIFA

August 13, 2010

A major concern of mine is that if compliance is required with fiduciary standards that a large percentage of registered representatives will be driven out of the business.If that were to happen, American consumers would be vastly underserved.If this were the case, there would be a greater number of our citizens that would have to rely on government programs.

Current regulations already provide the appropriate protections for consumers.

Thank you very much.