Subject: File No. 4-606
From: Eric Hess
Affiliation: Financial Representative, Northwestern Mutual

August 2, 2010

Regarding the proposed fiduciary standard on registered reps: We already work in a heavily regulated industry. There is an amazing amount of resources spent and used to ensure compliance with company and industry regulations. To add a fiduciary standard to registered reps would add a cost and a burden that would far outweigh any gains. This will simply not solve any problem or provide consumers any more protection.