Subject: File No. 4-606
From: Kurt D Ferris
Affiliation: Registered Rep NY Life

August 24, 2010

This is a bad idea. While you may think that these regulations will help consumers in the end it ends up costing them. Bad agents will still be bad agents and good agents will have an even harder time being good agents do to even more regulation. Stronger enforcement against bad agents not more red tape is what is needed