Subject: File No. S7-15-10
From: Mr. Larry Brasel
Affiliation: President, Northbeam Financial, Inc

October 13, 2010

Ms. Murphy:

I am opposed to proposed amendments to change 12b-1 fees. Making changes would adversely affect my ability to continue to provide objective, independent advice to my clients profitably which I have done successfully for 21 years. With all the attention on health care reform, I might suggest a bit of focus on future retirement tragedy that will hit America in the coming years with most people not prepared for retirement. Don`t propose an action that would make worse this tidal wave.