Subject: File Number S7-15-10

October 21, 2010

Mr. Bruce Hosler
Hosler Wealth Management

Dear Ms. Murphy,

As I currently support a number of smaller accounts the ability to be able to support those accounts is provided by the revenue from 12b-1 fees. Should the regulations change, so that such fees are capped, I would have no choice but to eventually dis-engage from supporting such accounts. This would be considered by many as a "un-intended consequence". I hope the leadership of the SEC will take such into consideration before they make moves that would eventually prohibit advisors such as myself from supporting smaller clients. They (the smaller clients) need help too.


Bruce Hosler, EA, CFP(R)