Subject: File No. 4-606
From: Justin Nichols, CFP

August 23, 2010

Please adopt and enforce a uniform, consumer-friendly, fiduciary standard that ensures that investment advisors, insurance agents, brokers--everyone who gives investment advice--is held to a fiduciary standard. It's what consumers think they are already getting and it's absolutely what they should get.

There is no argument those opposing a universal fiduciary standard can make that justifies a consumer receiving advice that is anything less than IN THEIR BEST INTEREST.

Please adopt and enforce a universal fiduciary standard for all who give investment advice.

Justin Nichols, CFP
Nichols Financial Advice, LLC