Subject: IA-BD-Conduct-Standards
From: Warren Kennett

June 2, 2017

The SEC has always been the primary regulator of the brokerage industry. The DOL has overstepped its authority with the DOL Fiduciary Rule. If there is a new standard that needs to be considered, it should be a uniform standard that covers all retail accounts.

The DOL Fiduciary Rule is a gross overreach by the government into the private sector. Elections make a difference. We just had one! Trump has made his feelings clear about the need to repeal or amend 75% or more of these job killing regulations enacted by the Obama administration.

The DOL Rule needs to be rescinded & any new rule needs to be carefully studied & developed by the SEC.

Thank you.

Warren Kennett
Decatur, GA

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