Subject: File No. 4-606
From: Michael J Ables

July 30, 2010

The advisor part of this industry is already over-regulated as it is. Not only do we have "in house" training, computer based training, continuing education but my broker dealer may show up at any time to my office without notice, and does. After examining my files, the compliance officer makes recommendations for future sales and service behavior. I can only imagine that with this new regulation there would be far fewer advisors to help clients attain their financial goals.

The message is clear. We cannot rely on future social security benefits for retirement planning. Please leave the broker-dealer system in place so that the public can be served.

Thank you,

Mike Ables