July 19, 2007

I am a Registered Rep in Maine. I wish to express my strong support of keeping 12-B1 fees. I always explain these fees to every investor. If it is deemed that the public needs more protection, the NASD should impose a rule requiring investor signed forms to be kept in each investors file disclosing 12-B1 fees. My current and prior Broker Dealer has this requirement.

The 12-B1 fees are necessary to compensate Reps for on going service. The lack of 12-b1 fees could make servicing existing clients burdensome at best. If there were no 12-b1 fees to support trails we would always be in the mode of selling with little time left for service.