Subject: File No. 4-606
From: Randall Melquist
Affiliation: Registered Representative

August 2, 2010

The proposed setting of further compliance regulations will eliminate my ability to help small investors to get started in setting money aside for their futures. Many start with $50 monthly and the small commission that I earn from a mutual fund company is a better value for them than forcing me to charge fees that would exceed their investment. I have observed many people who have paid $1000 or more for a financial plan, but have not implemented anything to obtain their financial goals. As a registered rep, I already am supervised by my broker-dealer and am required to complete continuing education each year. In addition, I am required to obtain separate continuing education to maintain my insurance license. In addition, I follow a code of ethics as prescribed by the Society of Financial Service Professionals as well as the National Association of Financial and Insurance Advisors.