Subject: File No. 4-606
From: Timothy L Jordening
Affiliation: Registered Rep

July 30, 2010

This appears to be another layer of regulation which will add another layer of compliance.
This will translate to more paperwork and eventually higher costs to clients.
We are highly regulated now and I don't feel this is a move in the right direction.
Tim Jordening
Registered Rep
EquiTrust Marketing, LLC