Subject: File No. S7-14-10
From: Charles V. Rossi
Affiliation: President, The Securities Transfer Association, Inc.

November 30, 2010

S7-1410

The STA is refilling this report which has been updated. A design error on page 6 led to the mislabeling of two segment charts dealing with opinions on the regulated fee structure for proxy communications and distributions. The chart now shows the data correctly labeled. It confirms that 100 percent of issuers who submitted comments on the matter agree that the current regulated fee structure should be reformed or eliminated. 50% of Institutional groups also support this point of view.