Subject: File No. 4-606
From: ronald smith, sr
Affiliation: society of financial services professionals

August 6, 2010

-As an independent financial advisor, i believe we are regulated sufficiently we do NOT need additional burdensome bureacrcy to add to this. You should direct your
attention to those UNLICENCSED persons selling EIAS (WHICH IS REALLY JUST LIKE A VA, BUT THEY CAN'T PASS AN EXAM TO
GET A LICENSCE). Also, direct your attention to stock brokers who act as investment advisors, but aren't subject to the same regs as we are. thx.