Subject: File No. S7-27-09
From: Christopher Krause
Affiliation: Morgan Stanley Smith Barney, Financial Advisor

January 14, 2010

I support this proposal.

Two years into this business I am continually surprised by data/research one would expect to be present and is not, or is difficult to obtain. While some industry peers will no doubt consider the above idealistic, I disagree.

Investors expect full transparency, honesty, and disclosure before and after selecting investments. There is no reason they shouldn't have that.