Subject: File No. 4-606
From: Tom Carsten
Affiliation: NAIFA

August 3, 2010

For heaven's sake, please don't implement more regulatory departments or rules. We are already checked and double checked every year. We have to maintain very rigorous records and document our time with our clients already. I do not work on a fee schedule. The majority of time I spend with my clients is without pay already. If more regulation and paper work are put between us and trying to serve our clients, I won't be able to serve John Q. unless he invests large quantities of money. I have always wanted to be an avenue for the small investor to get good sound advice without having to pay more than just a reasonable commission if I can solve their problems. I spend hours with some people and if they don't do business with me, they pay nothing. I have several accounts that people are saving $100 per month in TSA or IRA. My cost to pay third party administrators, that we may or may not need, is $2.50 per account per month. My commission on them is 2.00 per month per accnt. Yes, I do it as a service so my people have access to be able to invest if they want to. They would not save this additional money if it cost them $500 or $1500 for fees to get the advice. I am currently working more hours than I was working in this business for the past 15 of my 29 years and earning less than 50% of what I was making 10 years ago. No that's not 200k instead of 400k. It's a lot less than that. And it is not getting any easier. Help me continue to truthfully and willingly serve the needs of my clients and allow the current regulation to work without adding additional layers, time and cost.....PLEASE