Subject: File No. SR-FINRA-2009-057
From: Brian Perley
Affiliation: ChFC, CFP, Hammond Financial, Inc.

September 25, 2009

I am writing to express my concern about a rule proposal that the Financial Industry Regulatory Authority (FINRA) filed with the Securities and Exchange Commission (SEC) concerning a proposal to change FINRA`s regulatory pricing structure by increasing the Personnel Assessment (PA) and Gross Income Assessment (GIA) fees it charges financial advisors and broker-dealers, respectively. In its filing, FINRA indicates that these changes are needed in order to stabilize revenues used to fund FINRA`s regulatory activities.

This Assessment increase is so abusive that it is hard to articulate a response. Let`s also double the "advisory fees" we charge investors so that "financial advisors" can recover significant lost revenue as well. How Preposterous!


Brian Perley
Hammond Financial, Inc.