Subject: File No. 4-606
From: Judy L Gregory

August 24, 2010

I have been in the financial services industry for 18 years. I have seen more and more regulatory rules that I must comply with in able to help my client. I have chosen not to be fee based for the reason that my clients aren't willing to pay those fees. We are in a small rural community where people have saved some money but just don't want (or can't) pay the fees for my service. I keep paying higher errors and omissions coverage annually. To keep up with my licenses in different states I have a part time person to help with those and the company appointments. I belong to NAIFA so I hold myself to a higher ethics. The bill talks about "best interest" of my clients. I have always strived to do that But what does that really mean? Is it the cheapest or do I throw out the high and low? Is it the company ratings? I don't think adding a fiduciary standard to my already heavily laden guidelines by FINRA and my company will be well served. I am not Wall Street, I am Main Street
Thank you,
Judy Gregory