Subject: File No. 4-606
From: Roger D Cramer
Affiliation: President, Financial Security Inc

August 26, 2010

The suitability standard governing broker-dealers and registered representatives is a robust and heavily enforced standard. We have enough oversight from our broker-dealers and compliance officers with in our company.

Compliance costs-both in terms of finances and time-are high, and those costs are eventually felt by clients. Adding another layer of regulation means another layer of compliance, and even more cost to clients.
I have a securities license and the training and supervision we have now and the penalties we have are enough to know that if we do something wrong that we could lose our livelyhoods, our businesses.
We are examinined at least once a year now or more.
We spend hours now on compliance with letters and advertising, more regulation is going to cost more in a business that already is marginal in profit for the advisor a smaller client base.

Enough is enough, take action on the real crooks, the people that bilk the goverment out of billions of dollars, not the small business man who is trying to do a service to his community.