Subject: File No. 4-606
From: peter r fels
Affiliation: iron sculptor

December 17, 2010

The SEC is supposed to be representing the interests of the voters, not the financial industry.
Your agency's failure to rigorously do it's job has resulted in a series of disasters for investors and the nation.
In this case....
All conflicts of interest must be clearly exposed
All financial advisers, brokers, dealers, etc, must do everything possible to maximize the benefit to the folks they advise, regardless of their own or their employers' interests.
Thank you.........peter fels