Subject: File No. 4-606
From: Laurie B Prevette
Affiliation: NAIFA, SFSP

August 25, 2010

I am opposed to the proposed change in regulations governing broker-dealers and investment advisers. I disagree that the fiduciary standard has protected consumers better. Basically, the fiduciary standard looks back and enforces breaches retroactively through SEC enforcement or private lawsuits. The suitability standard looks forward and tries to prevent harm to consumers through ongoing and frequent FINRA and broker-dealer audits and compliance processes.

I am regulated enough