Subject: File No. 4-606
From: Jeffrey O Ranz, CFP, CLU, ChFC

July 30, 2010

Considering the sad financial state of affiars our government finds itself in these days with the economic situation as it should be ashamed of yourselves for trying to promote standrads that will cost the public millions of dollars and offer them not one dollar's worth more protection than they already have

I am talking about the fiduciary standard debtae, of course.

As a 27 year veteran of the business and a Certified Financial Planner , the standards that those , especially with the CFP designation, must face are rigourous to begin with. To impose a more stringent standard will simply be a duplication of what we already subscribe to and be costly.
It could drive up unecessarily the costs of our E O insurance causing us to have to pass these costs on to the public in increased fees and charges.

You are NOT protecting the public from terrorism, which is necessary but very costly.

This is NOT necessary. We spend hours doing compliance reviews and checks every year, contiuning education, etc.

I urge you to reconsider this change in law and don't fix what is not broken.
Thank you.