Subject: File No. 4-606
From: Charles F Driscoll, CLU, AEP
Affiliation: Society of Financial Services Professionals

August 16, 2010

I am opposed to the imposition of Fiduciary Standards on Registered Representatives. I am a 35 year veteran Life Ins. agent and I am already regulated enough. I certainly don't need another unnecessary layer of regulation.

Currently FINRA regulates my B/D which is far more effective at regulating me with oversight, compliance audits and reviews, along with the ability to impose fines where and whenever it is required.

If I must comply with a new level of Fiduciary Standards being applied to me I know I will be so weighed down with new regulations that I will not be able to financially afford to continue providing the fine levels of service I
have provided my clients at NO CHARGE over the past 35 years.

I will most likely be forced to quit my business. When all is said and done these proposed regulations will be the primary cause that will create new levels of fees to clients for service they now receive from me at no charge.

DO NOT IMPOSE THESE NEW REGULATIONS, PLEASE, I am far more able to provide excellent service than any SEC mandated level of services.

Charles F. Driscoll, CLU, AEP