Subject: Standards of Conduct for Investment Advisers and Broker-Dealers
From: Robert Garland

July 24, 2017

Securities and Exchange Commission,
While being acceptable of the fact that Donald Trump won the election and is the President, it is extremely difficult to wrap one's mind around many of the policies he seeks to invoke, most of which seem to involve no deeper thought than simply to revoke policies (and solely because they were) put in place by the previous administration.
If history is to record any lasting positive impact from the Trump administration, it will be incumbent upon leaders such as yourselves,
Secretary Acosta, and Chairman Clayton, to effect that impact through intelligent, thoughtful, and judicious action when the opportunity presents itself. Please take advantage of this opportunity to do just that and retain the intent of the fiduciary rule as written.
Very Respectfully,
Robert Garland