Subject: File No. 4-606
From: James W Thorpe

August 25, 2010

I am strongly against any more regulation i.e. the imposition of a fiduciary standard on broker-dealers. The current suitability standard governing broker-dealers is sufficient, as it looks forward and tries to prevent harmn to consumers through ongoing and frequent FINRA and broker-dealer audits and compliance processes. We do not need more regulations