Subject: File No. SR-FINRA-2009-057
From: Neal E. Nakagiri
Affiliation: NPB Financial Group, LLC

September 30, 2009

Let’s face it, no one wants to pay more fees to work in the broker-dealer business. I understand FINRA’s budgetary problems, but the SEC should require a longer-term plan as well as the fees that will be effective Jan. 1, 2010. If it’s true that FINRA’s expenses are more closely tied to the number of registered reps, (if I understand the comments within the rule filing), then I anticipate further increases in the PA fee in years to come. Additionally, you should note that the higher PA fee will probably cause a number of registered reps to leave the FINRA BD community completely—especially if there is any reasonable alternative available.

Neal E. Nakagiri
President, CEO, CCO
NPB Financial Group, LLC
3500 W. Olive Avenue, Suite 300
Burbank, California 91505