Subject: File No. 4-606
From: Hollis O Inglett, Jr
Affiliation: Registered Representative

July 30, 2010

I am so regulated now it is unbelievable. My Broker Dealer has two inspections per year. I have to submit all sales material, presentation, scripts and correspondence for approval. The cost involved in my practice is substantial due to current regulations. I have a Series 6 license which also makes the state of FL regulate me and my sales. I help average people who can't afford Fee Only Planners and recommend Mutual Funds, Variable Annuities and Education plans to help with their retirement and long term plans. This includes IRA and other qualified plans. My clients could not afford to pay for service They know I receive a commission because it is disclosed. I always opperate in the best interest of my client and many times do not recommend any products I sell because they are not suitable. I have done work without pay to help people. I also take Ethics Training that is required. "Fiduciary Standars" sounds good but it will put me out of business due to added expenses and regulation besides those who screw clients do it no matter the law's intent or strength.