Subject: File No. 4-606
From: Donald F Vendetti, Jr
Affiliation: Financial Advisor, Baystate Financial Services

August 24, 2010

I would like to offer my comment that I believe the current suitability standard for Broker Dealers and their Registered Representatives is robust and heavily enforced. I also believe it would be a mistake to impose a fiduciary standard on Broker Dealers and their Registered Representatives. This will not only add another layer of compliance to our already heavily regulated industry but it will also increase the cost of doing business as a Broker Dealer and Registered Representative. This additional cost will ultimately get passed onto the client.