Subject: File No. 4-606
From: BRETT M SAUSE, LUTCF, LTCP, CLTC
Affiliation: NAIFA-ANNE ARUNDEL, PRESIDENT

August 25, 2010

The suitability standard governing broker-dealers and registered representatives is a robust and heavily enforced standard. I must compare and contrast it to how you see the fiduciary standard governing investment advisers is applied and enforced.

Compliance costs-both in terms of finances and time-are high, and those costs are eventually felt by my clients.

With these proposed changes now you the SEC are considering adding another layer of regulation means another layer of compliance, and even more cost to my clients. More time with compliance means less time with my clients who need me

Please do not add more work to our/ my already overlaoded days. Our clients need us, not more compliance. If we spend more time dealing with more inposed rules, because of the Mr. Madoff's of the world, it will will take away the good we do for our/my clients, for those of us that act in the greater good for our clients.