Subject: File No. 4-606
From: Paul Harris, CLU, ChFC, CASL

August 24, 2010

SEC,

Please stop the insanity of adding another layer of bureaucracy by implementing the Fiduciary Standard on me as a Registered Representative and my industry.

The Suitability Standard has been enforced by numerous audits, proper completion of forms and a host of continuing education. The costs are not only a business cost but lost time in servicing clients and working with new clients

My clients are treated fairly and are knowledgeable about the products and how I'm compensated.

One of my employees handles on a daily basis, all of the compliance requirements, she has other duties but each month several reports are compiled then submitted to the compliance department.

I believe it would be a loss to the public if I'm forced out of this business after 25 years. The current costs are a serious expense and with the Fiduciary Standard applied my cost of doing business will only increase.

I'm available if you want a Registered Representative who works with clients on a daily basis.

Sincerely,

Paul Harris, CLU, ChFC, CASL