Subject: File No. 4-606
From: Scott W Rivard

August 12, 2010

Why is it that the SEC and in turn FINRA are so intent on adding more regulation and oversight to the activities of registered representatives, yet allow the Bernie Madoffs and Allen Stanfords of the world to operate totally unfettered for years and years with literally no regulatory oversight? Rather than adding more onerous regulations that will only serve to increase the cost of doing business, why not simply enforce the regulations already on the books?