Subject: File No. 4-606
From: Blair Broussard

August 24, 2010

I take very seriously my role as an adviser to my clients. I do not have an ultra affluent client base. We meet often and review their products. There is nothing more that I can do for them. If you label me with a fiduciary role, all you wind up doing is creating more paperwork for me to domake my firm hire another staff person to make sure we dot i's and cross t's. You wind up making the product more expensive for the client. They will sue me anyway whether or not you label me a fiduciary if I truely act poorly. You will wind up fining me and my firm will fire me. My clients know what I am doing and they know how the markets work. There is plenty of evidence that you can catch the small adviser. There is also plenty of evidence that you cannot catch the abusive adviser. Inforce the regulations you have now. Regulation,just because,does not make any sense.