Subject: File No. S7-08-15
From: Marshall Brown

November 10, 2015

Rule 30e-3 is a bad idea. Below are reasons why I am opposed to it:

I am concerned about the security and reliability of my investment communications, and would rather receive investment reports in the mail.

Not everyone uses the Internet, so paper shareholder reports should be the default option.

Paper format should continue to be the default for investor reports.

I find it easier to review complex information in paper form. Shareholder reports should be transmitted on paper.

Thank you for your consideration.