Subject: File No. 4-606
From: Mark Hedge
Affiliation: FICF MDRT NAIFA NAFIC

August 26, 2010

SEC's proposed changes to fiduciary responsibility is not going to help the public when looking for independent financial advice. Many advisors will end-up going to fee-based advice only and these fees will most-likely rocket forcing low to middle income earners (who need financial advice the most) out of the picture.