Subject: File No. 4-606
From: Cameron W McElhany
Affiliation: New York Life

August 25, 2010

Please do not use Fiduciary regulations to put more unneeded regulations on registered reps. The suitability standard governing broker-dealers and registered representatives is a robust and heavily enforced standard.

Most of the people at this level are the hard working and honest. Do more to regulate those who have their relationships in Washington, DC