Subject: File No. 4-606
From: Steven T. Summa
Affiliation: New England Financial

July 30, 2010

Please do not pass the Fiduciary Standard to be required by all Broker Dealers. Although the intent of the law is good, in practice this will not serve clients well and will just increase client fees and waste my time.

Representatives already have a duty to provide suitable insurance and investment products to clients and this works well.

Thanks for your consideration. Steve