Subject: File No. 4-606
From: Calvin Taketa
Affiliation: NAIFA Hawaii

August 24, 2010

Thank you for all the efforts being instituted to protect the consumers, including myself from financial predation. I strongly advocate that consumers be informed and educated about steps they take for their financial future.

As a member of the National Association of Insurance and Financial Advisors-Hawaii we also aim for disclosure and education.

The proposal to hold registered representative as a legal fiduciary is adding unnecessary regulation to an group that is already covered and strictly enforced. I am examined annually by our Broker Dealer and adhere to a rigorous continuing education mandate.

This may likely result in added fees to our clients which they may not be able to afford.

I appreciate this forum to leave my views and thoughts.