October 30, 2010
-RE: File Number S7-15-10 As a licensed registered rep. and insurance professional for over 31 years I want to give you some of my thoughts regarding the proposed rules on 12B-1s.
As someone who serves many clients with accounts that would be considered small I am very concerned that allowing Broker Dealers to set their own sales charge and commission amount will affect my clients in a very negative way in regards to Mutual Funds.
I currently help my clients in a number of areas of financial planning and do much of it in face to face meetings - but I am very concerned that the new rules will make it too expensive for them or me to work together.
Please consider changes that will protect the smaller investor.
Sincerely,
Randy Sauve ChFC