Subject: File No. 4-606
From: fred b feinberg, clu, chfc, mi
Affiliation: Million Dollar Round Table, NAIFA, CLU

August 27, 2010

My practice of 40 plus years is predominantly insurance based, serving just a few clients in the equity area. Every year, there seem to be more and more compliance issues with more time that I have to spend taking annual testing, training (Anti Money Laundering,etc), compliance reviews and visits from a compliance person making sure that my records are in order.

In this climate, I have already considered giving up my
license to market the annuities and mutual funds that I
offer to a very few clients. If there is more regulation,
the cost to my time will take away time I should be spend-
ing advising clients. My EO coverage will most certainly
cost more, and this will have to be passed on to clients,
especially if I end up charging fees.

I already feel regulated to death by FINRA, my Broker
Dealer and the State Insurance Department and I'm sure
I must be leaving an agecy out. Please reconsider or modify
what is being proposed.