Subject: File No. 4-606
From: Garry S Burry
Affiliation: CLTC

July 30, 2010

I'm writing today about the possibility of holding all registered reps to a fiduciary standard. Currently I'm a wealth management advisor and subject to the Fiduciary standard. Often I think to my self that since I'm held to this standard I have to reccommend what's right for the client when in fact, the 24 years I wasnt, I always made appropriate reccomendations...what was in the best interest of the client.

There are current regs in place on a non fiduciary level to regulate and monitor reps.

My thought is that we shouldnt require it because of the expense to the clients...just enforce what is in place.