Subject: File No. 4-606
From: Allan Moskowitz, CFP, AIF
Affiliation: Financial Planning Association, Social Investment Forum

July 28, 2010

The fiduciary standard should apply to anyone who offers investment advice, sells or offers investments and/or insurance and full disclosure of all fees, costs, and potential conflicts of interest should be applied for all, in addition to making independent custodians mandatory to prevent Madoff type fraud.