Subject: File No. 4-606
From: Mark B Severs, CFP

August 23, 2010

I want to go on the record as advocating a fiduciary standard for all investment professionals who give investment advice to retail clients, regardless of how they hold themselves out, e.g. financial planner, investment advisor, broker, etc. Hopefully, such new regulation will go far to eliminate the sales culture that so many broker/dealers and insurance companies use as their business model while simultneously advertising themselves as financial planning professionals.