On August 30, 2010 the Securities Law Firm of Menzer & Hill, P.A. submitted comments to the U.S. Securities and Exchange Commission’s congressionally mandated study of implementing a fiduciary duty standard for brokers.

COMMENTS SUBMITTED TO SEC:

Michael  Hill, Esq., CFP
Managing Partner of Securities Law Firm of Menzer Hill, P.A.
Boca Raton, Florida

The Securities Law Firm of Menzer Hill, P.A. supports the Study Regarding Obligations of Brokers, Dealers, and Investment Advisers pursuant to the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. As an attorney, and former chief compliance officer for about 10 years, it is time that the Commission simplifies and codifies the roles of brokers and investment advisers.

Public investors are confused between the two roles and cannot discern whether a financial advisor is operating as a broker or as an investment adviser when dispensing advice. Many times industry persons are dually-registered and even retain customers having both a brokerage account and an investment advisory account. The Commission should enact standards of conduct for the dually-registered person so that the investor is treated fairly and consistently.

The Commission should enact fiduciary duty standards when a broker solicits or recommends the purchase or sale of a security. It should not be whether the broker is handling an investment advisory account (i.e., fee-based account) or commission-based account but whether the investor is entrusting him or herself to the professional advice, guidance, and disclosure by the broker.

Investors should also be afforded the ability to seek private recourse should the broker/investment adviser breach his or her fiduciary duty and not be left solely to the investigatory efforts of regulators.

The Securities Law Firm of Menzer Hill, P.A. primarily represents investors and practices in the areas of securities arbitration and litigation annuities and insurance arbitration and litigation investment adviser arbitration and litigation hedge fund and alternative investment arbitration and broker representation.

Menzer Hill, P.A.
7777 Glades Road
Suite 100
Boca Raton, FL 33434
www.menzerhill.com

The law firm of Brodsky & Odeh, the legal practice behind several of Chicago's biggest cases, is splitting up, partners Reem Odeh and Joel A. Brodsky jointly announced today.

"We have grown in different directions and our expertise is now in very different areas of law," says Brodsky. "After some soul searching and discussion it became obvious to both of us that it simply makes more sense to be in separate law firms."

Odeh, who teamed with Brodsky six years ago, says she is looking forward to forging ahead with developing her own practice.

"I learned a lot from practicing criminal law with Joel over the last six years, and now it is time for me to develop my own identity as an attorney," says Odeh.

Brodsky and Odeh are probably best known for their representation of former Bolingbrook police officer Drew Peterson.

Reem says that despite the breakup of the firm, she will remain a part of Peterson's defense team.

Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors ("Board") of McAfee, Inc. ("McAfee" or the "Company") (NYSE: MFE) in connection with their efforts to sell McAfee to Intel Corporation ("Intel") (NASDAQ: INTC). If the transaction is completed, McAfee shareholders will receive $48.00 in cash for each share of McAfee common stock they hold.

Robbins Umeda LLP's investigation concerns whether the McAfee Board undertook a fair process to obtain fair consideration for all shareholders of McAfee. Specifically, our investigation concerns whether the Company's Board breached their fiduciary duties to McAfee shareholders by failing to adequately shop the Company before entering into the transaction with Intel. At least one analyst had a price target for the Company at $50 per share. Additionally, under the terms of the agreement, McAfee must pay Intel a $230 million termination fee if McAfee accepts a superior offer to the Intel offer.

If you are a shareholder of McAfee, plan to continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at info@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com.