Subject: File No. 4-606
From: Michael Caron, LUTCF
Affiliation: NAIFA-Syracuse

August 6, 2010

I would like to take this opportunity to publicly go on record as opposing any new fiuciary responsibilities onto our Broker Dealers and their Registered Representatives. I could go on and state all of the reasons why this would not be a good idea but I would just be restating what you already know because NAIFA has done an excellant job in explaing this to you. Please reconsider your position and not move forward with the new Fiduciary Standard. Thank you for taking the time to listen.