Subject: File No. 4-606
From: Robert J Latimer
Affiliation: LUTCF

August 23, 2010

I have been a registered representative for 10 years and have not 1 complaint on record. The current suitability standard meets and exceeds all necessary documentation and protections of clients for our industry to provide efficient and competitive products. There are too many variables in consumers lives that drive their decisions in who, what, and how to invest, to say every representative must hold a fiduciary responsibility to those transactions.

I will use the metaphor of simply buying a car. Should my local car dealer be required to hold a fiduciary responsibility for my purchase? What am I to do as a consumer if my purchase really did not meet all my needs. Take him to court for not providing "the best" of all makes and models? Hmmmmm.

Our ability to invest in our country must remain simplistic so that every citizen has the opportunity to grow their net worth. With each added layer of regulation, it only complicates the industry for both consumers and representatives of the products.