Subject: File No. 4-606
From: Greg R Wagner

August 24, 2010

I am writing to encourage you to not apply the fiduciary standard to brokers. As brokers we are already quite heavily regulated. In the areas of ethics and compliance, we are held to the highest standards. More regulation will only serve to reduce the service and relationships we strive to create with our clients.

Thank you,

Greg Wagner CLU, ChFC