Subject: File No. S7-45-10
From: Dr. Tori Haring-Smith
Affiliation: President, Washington & Jefferson College

June 6, 2012

Elizabeth M. Murphy
Securities & Exchange Commission
100 F Street, N.E.
Washington, DC 20549-1090

Dear Ms. Murphy:

I am writing to express my deepest concern about the proposed registration of municipal advisors being extended to volunteer trustees of private colleges. I echo the statements expressed in the letters from the Association of Governing Boards submitted to you on February 15, 2011 and March 8, 2012. There is no questions that the Dodd-Frank Wall Street Reform and Consumer Protection Act was not intended to apply to volunteer trustees of a private educational institution. It is further clear that imposing requirements for registration as municipal advisors would be far too onerous for these volunteers.

I urge you, therefore, to adopt the revised language proposed in the AGB letter of March 8, 2012. Thank you for your consideration.


Dr. Tori Haring-Smith

Dr. Tori Haring-Smith
Washington & Jefferson College
60 S. Lincoln Street
Washington, PA 15301