Subject: File No. 4-606
From: Dennis J Bledsoe

August 24, 2010

I do not see any need for increased regulation on broker dealers or registered representatives.
My broker dealer is very strict and has a very detailed level of suitability work on every piece of securities business I write. I meet with my compliance officer and supervisory principal twice a year for a review of the business I have written. I already have many other annualeducation and reporting requirements requirements I fulfill. I don't see how further regulation will benefit me or the consumer.
Also, the fee based approach will give consumers the wrong impression when it comes to buying financial products. It could lead to consumers buying financial products with out the help of a representative and also less overall money being put into savings.