Subject: File No. 4-606
From: Paul A Wieda, CLU,ChFC,AEP
Affiliation: NAIFA

August 3, 2010

The regulators are focusing on the Registered Reps. The problems have come from the Board of Directors and Officers of the Banks,Real Estate Co.'s and a few RR's. Why don't we see more charges pressed against the before mentioned groups. Why is Freddie and Fanny allowed to operate without grave penalties. The individual brokers and financial planners are the most powerful resource the public has. Don't punish the wrong people. Even your own people bear more fault in comparison to the number of registered reps.,in the field.We already have heavy compliance procedures. Be careful who you blame for the many wrong doings that have taken place in the past two years. Remember the public is who you serve and should be protecting. RR's have been working for the clien's benefit for many years. Don't punish everyone for the actions of a few Dethrone the proper people.

God Speed
Paul A Wieda, CLU,ChFC,AEP