Subject: File No. 4-606
From: Douglas R. Franklin, CLU, ChFC
Affiliation: CEO, Champagne Financial Network, Inc.

July 30, 2010

The SEC has not proven to be able to regulate the primary industry of stock markets. To implement a suffocating ruling on top of what amounts to a poor record seems to me to be going in the wrong direction. It is my belief of 40 years practice in the life insurance field that enforcing the regulations they have first should take precedence over new rules.