Subject: File No. 4-606
From: Randy C. Bell
Affiliation: CLU, MDRT

August 30, 2010

August 30 2010

Dear Sirs:

In my opinion this bill is a political ploy in responce to the public outcry for justice regarding the greed of Wall
Street Firms and the inept ability of our government agencies to police those responsible parties involved.
The end result will be that 99.9% of the brokers out there that do the job right, will be forced to rethink how and who they do business with in the future. The little guy will be left out

In my rural community I have well over 2000 clients with accounts ranging from $500.00 to some with 2-3 million invested. You start putting more restrictions and additional red tape on us, then the little guy is going to be more trouble to work with than he or she is worth. From an economic standpoint it just isn't feasible.
I don't have the mega client lists. I have been in the industry for over 30 years and have built a good practice working with the mid to lower sized accounts.

One of the items you recently had on the table, regulations that would bring indexed annuities under SEC regulatory authority was a good idea. I see MANY ABUSES in this area of investing. Hugh commissions, long surrender periods, and investment crediting formulas even Einstein couldn't figure out. I was really glad you were going to do something about it. But in the end, you took it off the table, WHY??????

In closing, I would like to point out that our industry as a whole isn't broke. Sure, there are always some rotten apples in the barrel. As in the past your agency has made sure those responsible parties were dealt with properly. Just keep in mind that most of the financial problems that got this country in the mess it's in today originated from the executive offices of "The Big Apple." Large financial firms, and inept government oversite led to this mess. Send the proper message to the boardroom, clean up your house, then things will get better.


Randy C. Bell