Subject: File No. 4-606
From: James DiSerio, CFP

August 6, 2010

Compliance costs-both in terms of finances and time-are high, and those costs are eventually felt by clients. Adding another layer of regulation means another layer of compliance, and even more cost to clients with no measurable benefit. Enforcing exisitng rules and regulations are more than sufficient. Raising the cost of services or worse yet putting us out of a business we can't afford to be in solves nothing