Subject: File No. S7-09-09
From: Jonathan S Krasney, CFO
Affiliation: President, Krasney Financial, llc

July 1, 2009

Clamping down on upstanding Registered Investment Advisors after the Madoff Scandle, will not make investors any more secure.

Acting in a Ficuciary Capacity for our clients is their greatest security, because they can rest assured that what's being done for them is more than "suitable", it's in their best interest.

There is no need to go any further than ensureing that the fiduciary standard is being met on an ongoing basis. Audits by FINRA or their equivilent in the "Advisory Community" are overkill. Audits as they have been done for years, certainly flush out the trouble lurking in the books of non compliant professionals. More than that is Overkill, in my view.