Subject: File No. 4-606
From: GERRY J CORRIGAN, CLU
Affiliation: FINANCIAL SERVICES PROFESSIONAL

July 30, 2010

OUR INDUSTRY IS ALREADY OVER REGULATED. I ALREADY REQUIRE 20 CE HOURS EVERY TWO YEARS IN ADDITION TO THE FIRM ELEMENT REQUIREMENTS ANNUALLY. JUST ENFORCE THE RULES YOU HAVE AND THE INDUSTRY WILL BE FINE. THE PROBRLEM WAS MORE WITH MORTGAGE BROKERS THAT DID NOT VERIFY INFORMATION, WE ALREADY CROSS CHECK SOCIAL SECURITY NUMBERS VERIFY ADRESSES AND CITIZENSHIP. IF ALL THE OTHER GOV'T DEPARTMENTS ENFORCED THE RULES IN PLACE WE WOULD NOT HAVE EXTENDED CREDIT WITHOUT VERIFICATION. ILLEGALS ARE TAKING AMERICAN JOBS, THEY SEEM TO HAVE MORE RIGHTS THAN A CITIZEN AND RECEIVE MORE BENEFITS BY WORKING UNDER THE TABLE AND NOT CONTRIBUTING TO THE U.S. ECONOMY NOR ARE THEY PAYING TAXES.
LIMIT WELFARE, PUT A CAP ON IT REDUCE BENFITS AND MAYBE THEY WILL DO THOSE LESS DESIRABLE JOBS AND QUIT EXPECTING THE REST OF US TO PAY THEIR WAY
i AM ALOS THE RPESIDENT OF THE LOCAL NAIFA CHAPTER WHICH PROMOTES ETHICS AND CONTINUING EDUCATION , IF YOU WANT TO MANDATE SOMETHING LET NAIFA BE THE WATCHDOG OF OF OUR INDUSTRY AND THAT ALL LICENCES REPS BECOME MEMBERS AND WE WILL POLICE, SINCE WE HAVE THE KNOWLEDGE TO KNOW WHAT TO LOOK FOR IN VIOLATIONS INSTAED OF SOME BUREAUCRAT SITTING AT A DESK WITHOUT KNOWLEDGE OF OUR INDUSTRY