Subject: File No.
From: Chiu Tsen Lu Coberly
Affiliation: New York Life Insurance Company

October 28, 2010

I definitely and absolutely oppose allowing broker-dealers to set their own commissions. Because that is one of reason Mortgage business and Lenders corrupting and failed. They make money out of client in the front and charge client more interest rate because they can make more commission, and in the end people not able to offored the payment.

Do we want our Registered Representatives become very greedy adviser and not recommend or advise by faith and value and not provide service?