Subject: File No. 4-606
From: Tricia Randall
Affiliation: RSA

August 26, 2010


The fiduciary standard you are trying to impose will not protect consumers. It will provide ambulance chasers and individuals a door opening to attack finaicial services professionals and flood our industry with law suits. There is a suitability standard that is monitored and audited by FINRA that is a preventative measure for consumers, it helps to insure that the investments they are making are suitible for them. All this fiduciary standard is going to do is allow a look back of all the years of business we have done and allow consumers and the legal sector the right to deem whatever they want a fiduciary breech, thus flooding our industry with liability and permenantly and irrevocably damaging out industry. Do you want the same thing to happen to the financial services industry that has happend to the medical profession with mal practice?