Subject: File No. 4-606
From: John T. Grega

August 30, 2010

Dear Madam/Sir:

I am deeply alarmed that those in charge of rewriting the regulations governing the action of brokers and financial advisors are considering watering down the rewriting and thus diluting the standards to which the brokers and advisors will be held.

Both groups sit in a unique position since by their actions they can benefit themselves instead of their clients. Too often in recent history that self-profit is exactly what has driven the brokerage industry and led to the meltdown from which all investors have been suffering these last three years.

I urge the SEC not to water down the regulations but to hold both brokers and financial advisors to strong fiduciary standards, in which the well-being of the client outweighs the drive to self-interest and personal profit on the part of brokers and advisors. They will more than make their share of the profits from transactions. It simply is vital that those whose money it is that drives the profit-making should earn an equitable share of those profits.

Thank you very much,

John T. Grega