Subject: File No. 4-606
From: Frank Kinter, Jr
Affiliation: NAIFA-Indiana County PA

August 27, 2010

I have been licensed since 1982 to sell life insurance, health insurance and fixed annuities, and obtained my Series 7 securities license in 1984. I am also registered as an Investment Advisor Representative (IAR). I certainly believe that I, and anyone else in my profession, first and foremost have a duty to uphold our clients' best interests. I also believe, however, that our profession is being regulated to death. It is becoming increasingly difficult to serve my clients because of the time and resources that are required to meet ever increasing compliance requirements. I cannot see any positive outcome from the proposed Fiduciary Standard in the Dodd-Frank Act. In the long run this standard could very well have a negative impact on consumers and Advisors.