June 17, 2008
I am a self-employed investment advisor with an independent broker/dealer. 12b1 fees allow me to provide ongoing service to my clients. Without them my ability to serve existing clients, especially smaller clients, would be diminished. 12b-1 fees allow me to offer broad investment choices, educate my clients, manage their expectations and provide service to those who need it most.
I urge the SEC to allow Rule 12b-1 to continue.
Sincerely,
Randal Nicholls