Subject: File No. 4-606
From: Greg Nelson

August 7, 2010

As a Series 6 Series 63 Licensed Registered Representative, I strongly urge that the SEC not go forward with imposing a fiduciary responsibility on Registered Representatives. It imposes an additional layer of regulation and compliance upon our industry that is already held to a robust and heavy standard of maintaining education, suitability, and responsibility that is nearly impossible to uphold currently.

The time and expense that is already required currently to comply with yearly and bi-yearly educational requirements, detailed record keeping, and extensive client suitability continues to grow each year, even with current SEC regulations. Adding additional fiduciary responsibilities is duplicative, unwarrented and unnecessary with the protection that is already afforded by current standards. We strive to uphold the Code of Ethics and responsibility that is currently required. Please reconsider this severe and litigous regulation on an industry that is already overburdened. It will be counterproductive at best and disastrous at worst.