Subject: File No. 4-606
From: Alicia K Richards, Mrs.
Affiliation: NAIFA

August 12, 2010

If registered reps need to be fee-based, I have a concern for my clients that would not seek services due to cost. Many clients would never have the opportunity to learn about the need for life insurance, saving for retirement or disability as a result of fee. Clients should be given the opportunity to be educated and provided service without fee-based advisory. Clients of all incomes need help in order to properly plan and be responsible citizens. They can choose what business and with whom they do business with at any time. Also, many more securities tests will scare professionals from entering the business.