Subject: File No. S7-15-10
From: Paul Petkus, Financial Advisor, Ryamond James Financial Sevices

August 23, 2010

I have over many years attempted to focus my investment service on middle class Americans. I have a few well to do clients but the vast majority do not have substantial sums. These clients rely on my to provide ongoing and continuous service. They have no interest in or ability to monitor the investments they own. The 12b-1 has compensated me for this ongoing service. The proposals as currently set forth indicate that 12b-1 payments would stop after a certain period of time (when reaching the maximum sales charge that would have been incurred) but the service my clients expect will not magically stop after a certain period of time. They will continue to expect me to call them with quarterly reviews. To advise them on fund performance. To advise them on fund management changes. To advise them on allocation changes. Am I to provide my services for free? Thank you for you attention.