Subject: File No. S7-09-09
From: Bradley L Kelly
Affiliation: President, Magnum Opus Financial

August 4, 2009

Absolutely, all investment advisors should be audited. No matter how good a person believes they are doing for their clients, getting a professional opinion never hurt anyone...and in the case of Madoff and Stanford...it sure would have helped thousands of people. No one should be allowed to practice or work in the securities industry for years without being checked. All broker dealers should be audited and all investment advisory representative firms should be periodically reviewed without a schedule to confirm that good, prudent decisions that fit client's objectives are being carried out and good advice is given on a regular basis to clients.