Subject: File No. S7-09-09
From: Carol Y Godsave
Affiliation: CFP

June 15, 2009

I strongly recommend that the SEC require independent custody of all client assets, that the independent custodian be required to send statements independently to clients, and that all deducted fees be disclosed to the client."

I believe this is the simplest and most easily-governed method of avoiding future Madoff and Stanford public defrauding.

Respectfully,

Carol Y. Godsave, CFP