Subject: File No. 4-606
From: Stan Mock, CFP
Affiliation: FPA, NAIFA

August 25, 2010

I do NOT support the FPA's position on this. A Registered Representative is bound to only sell what is suitable for the client based on the suitability form the client fills out. An RIA or IAR does have fiduciary duties.

We have too many rules now. A Registered Representative is not paid a fee and does not enter into a contract with the client, as an IAR or RIA does.

Just enforce the rules that are already on the books. We would all be much better off than constantly tryint to create new duties that Registered Representatives must adhere to.