Subject: File No. S7-09-09
From: Hugh T. Boyle

July 7, 2009

Explain to me why an advisor such as myself that is living by the rules and is trying to do everything right for his clients should be saddeled with an audit. This is an extra expense to me and my clients.
The SEC is receiving more money from the government this year to do its job. Because of the downturn in the market, I am living on fewer dollars, yet the SEC is receiving more money to do its job. The SEC wants to do its job by increasing the cost to my company and my clients. You can do better.

Come up with a better way to do your job other than increasing the costs to me and my clients. We have paid enough.

Respectfully Submitted,
Hugh Boyle