Subject: File No. 4-606
From: Raymond N Seakan
Affiliation: RIA

July 28, 2010

I believe that every professional person charging for advice or collecting a fee for the sale of a product (e.g. stock, mutual fund, bond, ETF, etc.) should be held to a fiduciary standard.

Otherwise, how can the client know that the recommendations are best suited for himself or to maximize the revenue of the broker?


Ray Seakan