Subject: File No. 4-606
From: Louisa Lee
Affiliation: Security registered representative

August 6, 2010

Each year, our firm gives us enough firm element to do, we are strictly regulated by our broker/dealer and FINRA, any extra rules or regulations will be too much for us.

The suitability standard governing broker-dealers and registered representatives is a robust and heavily enforced standard. Compare and contrast it to how you see the fiduciary standard governing investment advisers is applied and enforced.

I think that is enough