Subject: File No. 4-606
From: T. Davis Sydnor, Ph.D.
Affiliation: Professor of Environment and Natural Resources, Ohio State Univ.

December 16, 2010

Dear Sir/Madame

I find it hard understand why someone working for a brokerage house or mutual fund should not be required to place the interests of his customer above that of the his employer. Isn't a failure here the definition of conflict of interest?

The Republicans seem intent on privatizing Social Security because private financial advisers do a better job. How does that work when the private consultant's job is to maximize their firms take?

Please insure that anyone who represents him/herself as presenting financial advice to a client has a fiduciary duty to the client being served.

Davis Sydnor