Subject: File No. 4-606
From: Kris J Lanzer
Affiliation: Financial Advisor

August 2, 2010

This new authority will make it much more difficult to service our clients. I already spend a substantial amount of time with our compliance officer updating forms and paperwork and other necessary documents. I am still farily new to the industry and having a proposed fee only service will impact my business negatively to a large degree. I will be out a career that I worked so hard to get into. I want to help people make the right choices and this standard will make it harder to help people make the right choices. I know we all want to protect the investor but what we have in place right now is the most effective way to do. Proactively protecting the investor is the best way, not retroactively.