Subject: File No. 4-606
From: Donna Patton, CLU, ChFC
Affiliation: Financial Advisor, Principal Financial Group

August 24, 2010

I disagree that the fiduciary standard has protected consumers better. The fiduciary standard looks back and enforces breaches retroactively through SEC enforcement or private lawsuits. The suitability standard looks forward and tries to prevent harm to consumers through ongoing and frequent FINRA and broker-dealer audits and compliance processes.