Subject: File No. 4-606
From: David Caplan
Affiliation: NC Farm Bureau

July 30, 2010

I believe suitability is key to protecting the client. I would fear that over regulation would keep good people from obtaining and maintaining securities licensed. If this were to occur, then some individuals in the business would be more limited in their product portfolio, which then might in return place too conservative options in the hands of individuals with a greater time horizon and risk tolerance. As long as a rep follows the suitability forms and checks the client's suitability on a regular basis, I think the client will be happy with his/her portfolio.


David Caplan