Subject: File No. 4-606
From: Allen D Hardy

August 6, 2010

I'm in a very small town of appx 7000 people and have had many clients for many years whose avg investment is 25,000 to 50,000. The compliance requirements to maintain the accounts take a half time person . Most of my securities clients are employees of employers who have generally 10- 50 employees. They like face to face meetings. It takes almost 1/2 person to meet the current compliance requirements. Rural Americans like I serve enjoy a body they see at church, ball games, grocery store trying to have a life just like them and we'll all grow old together. Additional compliance standards make it either much more expensive for the average middle class income citizen or forces registered representative like me just quit serving because of the cost of compliance as well as the admin. burden. This leaves the middle class to internet or to call someone in a big city they don't know and are scared to trust(even with newer, tougher compliance standards). Please don't add weight to the cost or work of us registered representatives serving our fellow man. Thank you for your consideration.