Subject: File No. 4-606
From: Matthew G Clark, CLU,ChFC

August 18, 2010

As a Financial Planning Advisor I find the current system of regulation satifactory but unfairly discriminates against honest hard working professionals like myself.
The current reforms proposed for the consumer are not necessary. Further I believe new regulation is merely reactionary and does nothing to keep people from over- extending themselves financially with houses the cannot afford and lines of credit they have no ability to pay back. Exempting Fannie and Freddie from this is a kick in the teeth. Our government needs to take reponsibilty for thier own failure in the Madoff scandal, the regulatory failure of SEC other federal programs like Acorn.
These happened on thier watch and punishing my industry with more regulation for it is just wrong