Subject: File No. 4-606
From: John C. Johns, Jr.
Affiliation: National Association of Insurance and Financial Advisors

August 25, 2010

I am opposed to a fuduciary standard of care being placed upon registered representatives who are working in markets that are under served to begin with. Putting registered representatives under this standard of care will cause many of us to get out of the securities market completely, limiting the number of produtcs available to the middle class consumer. The suitability standard of care has served our segment of the market very well and the compliance departments of our primary companies have been deligent in making sure our products were sold and serviced in the proper manner. On the contrary the ares of abuse and dishonesty have been in the financial markets where the SEC and other government agencies already had oversight and regulartory authority.