Subject: File No. 4-606
From: Clarence M Releford
Affiliation: Owner, Releford Agency

July 30, 2010

I understand that you are considering new regulations for Registerd Representatives and their Brokers. I have been a Registered Representative for twenty five years. I hold series 6, 63 and 26 licenses. Our industry is already heavily regulated. This agency has never had a consumer complaint as to our sales and service of financial products. The total fees and regulations levied on our industry already makes retaining securities licenses a hardship. Registered Representatives have a huge part in helping Americans plan for their financial future including their retirement. Adding another layer of rules and fees will force a number of very qualified people from the securities business and therefore bring hardship to the public. Americans need sound financial advice that is provided by members or our profession.

Respectfully Submitted,

Clarence M. Releford