Subject: File No. 4-606
From: Michael N Shaft

August 25, 2010

There is plenty of regulation already in place. There is a lack of oversignt and enforcement, particularily at the Larger BD level.

The proposed legislation will cause significant loss of US jobs. Can we afford that?

The proposed legislation does not serve the public interest in educating and protecting the consumer.

There have to be better ways to affect real change through enforcement of CURRENT laws already on the books.

Thank you for your careful consideration of this matter.