Subject: File No. 4-606
From: Brian M O'Laughlin
Affiliation: Registered Representative of Transamerica Financial Advisors

July 30, 2010

I respectfully disagree that the fiduciary standard, being proposed by the SEC, will protected consumers better. Basically, the fiduciary standard looks back and enforces breaches retroactively through SEC enforcement or private lawsuits. The suitability standard looks forward and tries to prevent harm to consumers through ongoing and frequent FINRA and broker-dealer audits and compliance processes. I do NOT have a chrystal ball and cannot predict the future. I do the best I can in applying the GOLDEN RULE with all my clients....I cannot control the world outside of that and should not be heald liable for uncontrollable sircumstances.

Respectfully submitted, Brian M. O'Laughlin