Subject: File No. S7-15-10
From: Tim Sallee
Affiliation: Schmidt Financial Resources, Inc.

October 24, 2010

I am compensated on an ongoing basis to help mutual fund customers understand what they own, and to continually advise them on changes, etc.

Therefore, I am baffled at why these proposed changes would not allow me to be compensated for continuing to take care of my customers.

My customers need me. And I don't think it unfair that I get paid for helping them.

Tim Sallee,CFP(R) is a series 7 registered representative and investment advisory representative, representing Multi-Financial Securities Corporation, a Registered Investment Advisory and Member FINRA/SIPC.