Subject: File No. 4-606
From: Judy Borden
Affiliation: Northwestern Mutual Financial Network

August 24, 2010

As a member of the National Association of Financial Advisors, and the Society of Financial Service Professionals and a Chartered Financial Consultant and a Charter Life Underwriter, I am strongly opposed to any additional fiduciary regulations, fees and laws. The time and money we are requred to spend is getting so extremely expensive and burdensome that I am seriously thinking of leaving the business, which I have been in for over 40years.
All of the rules and regulations did not stop someone like Bernie Madoff and any additional regulations will only hinder the honest hard working representatives. The SEC is obviously not doing a very good job with the existing regulations - example Mr. Madoff and two or three others right here in Kalamazoo, Michigan.
As part of our responsibility as representatives is to be honest and forthright with our clients and explain the good and bad of each possible decision.
Please do not hinder us any further with more government rules and regulations, that will not stop the dishonest representatives and will only cuase the honest to leave the business.