August 24, 2010
-Dear SEC,
I disagree that the "FIDCIARY STANDARD" should regulations should be imposed upon broker dealers and their registered representives as it will not provide the consumer with greater investor protection than the current standard governing broker dealers now.
The industry current regulations in this area are working and there is no need to add further complex regulation on top of a system that works-no one will benefit.
Thank you for your consideration.
Don Morris