Subject: File No. 4-606
From: Brad A Bosh
Affiliation: Agent

August 16, 2010

Suitability standards currently governing broker-dealers and registered representatives are already stringent and heavily enforced. Current regulations already provide strong and appropriate consumer safeguards. Requiring compliance with 'fiduciary standards' will drive many advisers out of the market and eliminate a valuable advisory resource to consumers, especially in middle- and lower-income markets. Additional risk of lawsuits involving registered representatives will increase costs to consumers. Driving every registered representative to fee-only compensation will not necessarily result in better, unbiased advice for the consumer. Thank you for your consideration.