Subject: File No. 4-606
From: Dale F Rettenmeier
Affiliation: Registered Rep.

August 25, 2010

I am opposed to the "fiduciary standard" that is being considered for financial representatives like myself. To me, this is government overkill. It will make it hard to
police and add layers of government cost. It will drive some reps from the business due to higher liability costs.
Some reps may change their business to a fee based platform, which will make it more costly to the consumer.
All in all, this legislation is bad and headed down the wrong path