Subject: File No. S7-15-10
From: Kenneth Dombart

November 5, 2010

I oppose this proposed change, because it will hurt the middle income investor. The middle income investor is usually the one investor that needs someone to help them understand what investment they have and how this investment fits in their personal investment plan. Since the middle income investor is cost conscious, they tend to go to the lowest cost. Low costs come with t price, and that is usually service. Thus, the Broker Dealer that charges the lowest fees, could not afford to provide good advice to all of their customers and thus, when the investors need advice, they would not be likely to get good advice.