Subject: File No. 4-606
From: Brandon j Penland
Affiliation: Insurance

July 30, 2010

Compliance costs-both in terms of finances and time-are high, and those costs are eventually felt by clients. Adding another layer of regulation means another layer of compliance, and even more cost to clients. Clients dont want to spend a large amount of time acquiring insurance or financial advice. By increasing the paper work and compliance issues, you are making the consumer more likely to procrastinate or acquire proper coverage to protect them and their loved ones.