Subject: File No. 4-606
From: Daniel L Frey , II
Affiliation: MWA Financial Services

August 23, 2010

I feel that trying to requlate broker/dealers anymore than we are already will truley take away from being able to do our job effectively. We be spending more time doing paperwork or hiring staff to do paperwork than actually being their to help our clients. Most of us do not have the funds to afford such situations.

No matter what is ever done to regulate if a person wants to be shady in any industry not just ours they will find a way. Doing this in my opinion will make honest people be unable to afford to be in this industry. This will simply leave more dishonest people employeed to only be in this industry for their pure benefit and not their clients.