Subject: File No. 4-606
From: Terence R McTigue
Affiliation: CLU, ChFC, CASL

August 16, 2010

I strongly oppose the SEC adding more regulation in governing broker dealers and registered representitives. We are currently regulated under the suitabliity standard and this standard has been effective in protecting the public. As a registered representative I currently commit hours upon hours of time in continuing education, manditory broker dealer audits, compliance meetings, madatory testing and file reviews. The compliance world is very burdensome and needs to follow a degree of common sense. More review will not make things better for the consumer. In fact there are thousands of registered representatives like me that are needed to help our clents prepare for retirement. If you pile on with a "fiduciary standard" many of us will simply throw in the towel and quit How does that serve the public?