Subject: File No. 4-606
From: Charles F. Driscoll, CLU, AEP
Affiliation: Society of Financial Services Professionals

July 30, 2010

I am opposed to the imposition of Fiduciary Standards on Registered Representatives. I am a 35 year veteran Life Ins. agent and am already regulated enough. I certainly don't need another unnecessary layer of regulation. Currently FINRA regulates my B/D which is far more effective at regulating me with oversight, compliance audits and review along with the ability to impose fines where required.

If I must comply with a new level of Fiduciary Standards being applied to me I know I will be so weighed down with new regulations that I will not be able to financially afford to continue providing the fine type of service I have provided my clients at NO CHARGE to them over the past 35 years.

I will most likely be forced to quit my business. When all is said and done these proposed regulations will be the primary cause that will create new levels of fees to clients for service they now receive at no charge.

DO NOT IMPOSE THESE NEW REGULATIONS, PLEASE I am far more able to provide excellent service than any SEC mandated level of services.

Charles F. Driscoll, CLU, AEP