Subject: File No. S7-07-13
From: Herman S. Simms, Jr.

April 23, 2015

I support the proposed rule that would require disclosure of the median of the annual total compensation of all employees of an issuer (excluding the chief executive officer), the annual total compensation of that issuer's chief executive officer and the ratio of the median of the annual total compensation of all employees to the annual total compensation of the chief executive officer.

Herman S. Simms, Jr.