Subject: File No. 4-606
From: Derrick Kim

August 24, 2010

After consideration of the proposed increased scrutiny of registered representatives and their broker-dealers, I feel that those mostly affected by these changes are the people this new change is trying to protect. As the financial industry is already heavily regulated I have seen the costs of investing continually rise. Through investing with a financial adviser the loads, fees, expense ratios are all eating away at individuals earnings potential. The more regulation there is then the more compliance meetings, the more training, the more paperwork, and the more man hours will be required for a financial adviser to stay in business. This means less time for an adviser to study their clients portfolio and less financial means to lower costs to clients.

This type of regulation will hurt the investors and mostly those advisers who are trying to do whats right for them. Those advisers who do whats in their own best interest will still find ways to continue to do business as before. This regulation will not change those types of advisers personal ethics.