Subject: File No. DF - Other Initiatives
From: Donna Patton
Affiliation: Financial Advisor

August 27, 2010

In my work as a registered representative selling financial products and being compensated by commission, I feel the curernt suitability standards are a much better protection for the consumer than a fiduciary standard that mandates "what's best." How does one define "what's best"? The suitability standards enforced by FINRA, audited by broker dealers, and monitored through many compliance processes have served clients very well in the past. Demanding fiduciary standards is a false promise to the consumer, and they will be the ones who will be poorly served.