Subject: File No. 4-606
From: John H Akoury, CFP(R)

August 24, 2010

As a professional in this industry, I believe that we already act in the "best interest" of our clients. The proposed Act does not define what the rules are for compliance with a legal "best interest" standard - thus subjecting registered representatives to the potential of never ending lawsuits.

For example, is "best" the cheapest recommended product? The "best" premium relative to the benefit of the product? The product with the "best" historic underwriting and service standards? Is it the one from the carrier with the "best" rating?

The fiduciary standard in essence adds a vague legal liability standard that looks back (sometimes after many years) and is enforced after the fact by the SEC or trial lawyers who have perfect vision in hindsight.

As such, I do not support this Act as currently written.