Subject: File No. 4-606
From: Jeff Biggs

July 30, 2010

To whom it may concern,
If you add additional regulation onto the securities side of our business, you will see a max exodus of registered reps leaving due to the additional costs associated with more regulation. With respect the current compliance layers associated with the securities portion are costly enough without adding more expense and layers to it. This is like adding another layer of management to a company, it costs money which will be passed along like every other expense. Be smart, be fiscally smart, think of the taxpayer, client, who we both represent. Do not add another layer of expensive regulation to this area of business. Hold the current layer accountable and make them do their job. Thank you for allowing us to share our thoughts and concerns with you.


Jeff Biggs, LUTCF