Subject: File No. 4-606
From: norman s kohn
Affiliation: managing partner

July 30, 2010

As a registered rep and supervisory prinicpal I am already regulated enough. Compliance is upheld with all of the required meetings, paperwork and reporting held to extremely
strict standards. I already operate by the book to the letter and require the very same for my agents. More scrutiny is unneccesary and will cost too much in time and expense since we are so well regulated now. More regulations will keep us from operating efficiently and take away from what we are really trying to do and that has always been the best for our clients.Please do not add any additional regulations.
Thank you.