November 14, 2008

Subject: File No. S7-14-08

H, as a member of FPA, I support the proposed rule. I am an insurance licensed (AZ) representative and provide ongoing financial guidance to hundreds of clients annually. Although most transactions would be considered suitable, I have seen many products recommended and purchased to dissatisfied clients who either did not fully understand what they were purchasing or were told one thing and signed off on another. I feel we need as much oversight and accountability as prudent (and consistent with the Rule.)

Kevin J. Roberg, CFP®
Charles Schwab & Co., Inc. /Charles Schwab Bank*
Portfolio Consultant
Schwab Private Client – East Bay