Subject: File No. 4-606
From: Gary Liberty

August 17, 2010

The current dual standard should be maintained as it allows for Certified Financial Planners to be seperated from the broker/dealers. Most financial planners offer a smaller number of investment choices than broker dealers to limit their liability. Broker dealers are able to offer their clients a larger number of investment choices, while helping them to determine what is suitable for their risk tolerance. The consumer will be injured by not have the same availability of investment choices, that are currnetly offered through broker/dealers, with a level of suitibility. The consumer will be forced to venture out on their own to get a wide selection of investment options, with no level of investment advise.