Subject: File No. 4-606
From: Bruce A Murphy
Affiliation: CLU

August 19, 2010

The new proposed regulation will put me in direct conflict with my current company I am licensed with. Any financial product I sell has to be submitted to my company first. Only if they decline the business am I able to shop around for my client or prospect. If some attorney decides I should have sold XYZ's product to my client instead of my company's offering because it would have fit the "best interst" definition I am trapped. I can't offer XYZ's product if my company will write the business. I already follow the suitability rules for placing business and believe I already have the "best interests" of the client as my business practice. Therefore I don't think this new requirement should be implemented. Thank-you, Bruce A Murphy.