Subject: File No. 4-606
From: Edward C Soper, Jr

July 30, 2010

I work 99% through John Hancock Financial Network. I am audited once per year and have a Compliance review of my files 2x year. As a Registered Rep and IAR I must submit several suitability forms and keep a record of all conversations already. Any more regulations and assignment of a fiduciary responsibility is really going overboard. Every transaction and even a simple e-mail is scrutinized by my Compliance Officer already. The client is inconvenienced already by the tremendous amount of time and paperwork involved in just one purchase or transaction. Any more will just add additional cost to---eventually, the client.