Subject: File No. 4-606
Affiliation: NAIFA

July 30, 2010

Regarding proposed new fiducary standards.

My feelings are actions that impose new or stricter standards would impose undue hardship on agents and advisors.
This would be especially impactful on multi line exclusive agents. These agents are doing due diligence with the products they have to offer. They do not have multiple lines and companies.

Please leave the current standards in place. Enforcement of current regulations is always better than adding new regulations
Thank you for your time
Mike Losik III