Subject: File No. 4-606
From: Robert E Frank, CFS, ChFC, CLU, LUTCF

July 30, 2010

My broker/dealer holds me to a very high ethical standard as does each fund and insurance company I deal with, and certainly FINRA I feel that any further regulation will inevitably cost my clients more to do business with me but will not protect them any better than they are protected now. If Washington politicians had the same high standards applied to them, we would not see all of the corruption that continually comes out of there. Finra is doing a commendable job.

Sincerely, Robert E. Frank CFS, ChFC, CLU, LUTCF