Subject: File No. 4-606
From: Anne E Graves
Affiliation: NAIFA

August 24, 2010

There is too much regulation now. Registered representatives are regulated to death The Federal Government needs to learn to live on a budget You think we are harming the public but you are spending every dime we as citizens make and putting us into debt that we can never get out of. You are in no position to judge what is fiduciarily responsible. I manage my money and my clients money responsibly.