Subject: File No. 4-606
From: Ronald J Goldman
Affiliation: NAIFA

July 30, 2010

Regarding the new SEC regulation to add additional Fiduciary Standards to an already established Standard.
This will add an additional layer of bureauracy to the SEC. Also it will add costs that will be passed on to clients. There already seems to be a redundancy of regulations. Instead of adding new standards, why not enforce the current standards.