Subject: File No. 4-606
From: David Ion
Affiliation: Registered Rep.

August 24, 2010

I am tired of our Government always trying to push responsibility off onto providers of service. There does not appear to be any personal accountability any longer.

Insurance agents and financial service representatives jobs are to educate and provide solutions. It is up to individuals to make decisions based on needs and desires.

With the new Fiduciary Standards you are trying to put on registered representatives and broker dealers you are basically giving the public the right to make poor decisions and then when they lose money sue the broker for their losses.

Everything I do as registered rep goes through review. If there are questions my BD does call for more information. I feel there are more than enough check and balances in place without adding another beauracratic layer that will only ad more cost to my clients.


David Ion