Subject: File No. 4-606
From: Michael J. Simmons
Affiliation: IAR

August 16, 2010

Other countries have tried to make all RR's into fiduciaries before, and it failed miserably. There will be terrible logjams for the investment world because no one will ever want to make a decision. Please leave this subject alone. Only the training course companies want it for their improved incomes, and their control madness. Michael J. Simmons.