Subject: File No. 4-606
From: Samuel R Reid, III

August 17, 2010

I fully support the SEC's adoption of a uniform fiduciary standard for those persons engaged in delivering financial and investment services to the public. It is needlessly confusing to consumers that there is a different legal standard. My clients are shocked to learn that their previous "financial adviser" did not have to abide by the fiduciary standard. Please adopt rules to protect consumers by enacting the fiduciary standard.

Thank you.