Subject: File No. 4-606
From: Raymond A Rodriguez
Affiliation: Partner-Private Group Wealth Management, LLC

July 28, 2010

The overriding concern should always be what most benefits the client. Not only is the double standard confusing to the client, but the very idea that RIAs are held to higher standard automatically implies that anything less than that standard is inferior and cannot be in the best interest of the client.

Adopt the one "higher standard" for the entire industry and everyone will benefit, especially the client.