Subject: File No. S7-15-10
From: Long Tan

October 28, 2010

I have been working in this field for 3 years. I came from the IT field. I was a Tech Manager at Lucent/Bell Labs before I took an early retirement with the company. I am working as an Independent Financial Advisor at H. Beck, Inc. I don't know if my input will make any diffence. I became a financial advisor because I like to help people reaching financial goals. Being independent, I can truly provide genuine feedbacks to the customers. I don't have anyone taping on my shoulder telling me to sell certain funds and/or stocks du-jour.

The amount of paperwork required to be in compliance is totally overhelming.. Being independent and a small business owner, I can tell you that the cost of being compliant is very high. Have some money from 12B-1 will help to subside some of the cost. This is crucial for the survival of small business owners like me. We are the ones who serve small investors who have 10K, 20K 5K and up to 100K to invest. We truly serve this customer base. If we are no longer in business, the small investors will also get hurt.

So this is my feedback. I hope that you can see my viewpoint.

I thank you for this unique opportunity.

Regards,

Long Tan