Subject: File No. 4-606
From: michael s perinelli
Affiliation: Metlife

August 6, 2010

As an account representative with a major financial services firm for 25+ yrs and an arbitrator for F I N R A I realize how much important it is to protect the public.
I feel that there is enough regulations in place right now
that protect the public and from what I can see this new
layer of regulation is not adding value.
More regulation on top of what we do now will make people fearful of making decisions as they start to appear as too complicated.
I also believe that there may be more costs associated with compling with increased regulions that could be passed on to clients.
Somehow we need to simplify the process for people to make informed decisions and this new addition of requirements will not help that situation.