Subject: File No. 4-606
From: Michael P Abdoo

August 24, 2010

Current suitablity standards for broker/dealers and registered reps is heavily enforced now, additional regulation means that our "in-house" compliance personnel will be more overwhelmed and more time will be spent sending files for review, more CE, more firm element, more industry testing. Holding a series 6, 7, 26, 63 now requires frequent updates and a pending 65 will require more. We now have 2) two full time compliance folks on staff as well as the "outside" compliance people who also audit our records. The additional time and expense will ultimately be borne by the client (the consumer always pays for the price of their being taken care of). Cheats will continue to cheat and the rest of us will do everything in our power to do the right thing for our valued clients, they are after all, our livelihood.