Subject: File No. 4-606
From: Rozanna Patane
Affiliation: NAPFA member

July 29, 2010

It's very simple, really. From a consumer's point of view, anyone who gives financial advice should be subject to the same standards. Period. So, in spite of the difficulties of how brokers can manage conflicts of interest or disclosing their compensation, everyone should be subject to the Financial Advisors Act of 1940 -- same rules for all.

Thank you,
Rozanna Patane