Subject: File No. S7-15-10
From: John W Searles, Jr
Affiliation: VP Coventry Credit Union

July 28, 2010

I am definately in favor of eliminating hidden fees and costs in the securities industry and of promoting transparency towards a deceived public investor. Wall Street doesn't make any products. Wall Street is just another tax mechanism on the common investor except the government isn't the recipient of the tax revenues, the increasingly wealthy brokers and investment bankers are. I will no longer put my money in the hands of these crooks.