Subject: File No. 4-606
From: William H Diersen

July 30, 2010

I feel the fiduciary standards in place have protected we consumers addequately, and we do not need to have any additional regulations. The fiduciary standard looks back and enforces breaches retroactively through SEC and by private lawsuits. The suitability standard tries to prevent harm to consumers through ongoing and frequent FINRA and audits on broker-dealers through the compliances processes.

(Attached File #1: 4606-189.pdf)