Subject: File No. S7-15-10
From: Mr. Michael Martin
Affiliation: Financial Advisor, Martin Financial Services

October 13, 2010

I urge you to not support the proposed rule change for the financial industry. If this does go through it will hurt the people it was intended to help. The end result will be less choice and no service to the average investor. I know the extra service I provide is well worth the fees that are paid, if I had any doubt about this it was proven to me when several years ago a local couple (who did all there own investing) were killed in a car accident and their only child was in the car with them and was able to function for over 6 mo. In the time between I helped the estate rep sort out all the investments, I did this for no charge and I was amazed how much work was involved that would have been avoided if they had the investments with me or someone like me. The other part about making reps employees of the broker dealer would eliminate thousand of reps who are now providing a service to millions of average Americans.

Mr. Michael Martin
Financial Advisor
Martin Financial Services