Subject: File No. 4-606
From: Ronald Hada, CPA
Affiliation: Financial Advisor

August 26, 2010

The financial services industry does not need more, new legislation or regulation, especially when it comes to requiring Financial Reps/Insurance Agents to live up to a Fiduciary Standard that CFPs, etc live up to. They serve different markets. Instead of putting in new legislation, try enforcing the current laws. I have to live up to both standards in my practice and I am already overwhelmed at times with current compliance issues. Please don't add more