Subject: File No. 4-606
From: Paul Hinrichs, LUTCF
Affiliation: Financial Representative

August 24, 2010

Stop the fudiciary process. The financial services industry is regulated enough already. If you (government body) would simply enforce the regulation already in place, there would be no need to pile on additional regulations. the Suitability Standard works. If you force me to be a fee based planner many of the people I work with will choose to do it on their own which I believe is bad for the client. Also the fact is that most of the fee based planners out there are no more knowledgeable than those of us who use suitability standards. I have the same licenses as they do. I believe the fudiciary standard will do more harm than good as more folks will be pushed into the markets rather than having a complete review done and then selling to the most pressing needs. Lets stop the madness right here right now.