Subject: File No. 4-606
From: David K Sayler
Affiliation: Private Investor

August 29, 2010

I think the the distinction of the responsibilties between a broker and an investment advisor are clear. What is unclear, it he the capacity that many brokers serve. They will carry titles such as investment represntitive, investment planner, etc, yet serving in the role of a broker.

There should be fewer names that individuals should be able to call themselves. If you're a broker, say that.