Subject: File No. 4-606
From: Keith Wolff, CFP

August 20, 2010

To whom it may concern,

I would like to strongly oppose the fiduciary standard as proposed. Being an insurance and investment advisor for the past 10+ years, I have and will continue to do what is always best for my clients. We already have a tremendous amount of regulations imposed on us and any additional regulations will likely result in more advisors leaving our business at a time when America's people need us the most. Furthermore, additional regulations will impede my ability to focus on client's concerns and objectives as I will need to allocate more time to satisfying these regulations (over and above what we do now).

I pride myself in being a trusted advisor and I believe that most advisors feel the same way. More regulations would send a message to us and the general public that we are not currently doing a good job.

I ask that you not proceed with increased regulations in a business that is already one of the most regulated businesses today.

Thank you,
Keith Wolff, CFP, CLU