Subject: File No. S7-15-10
From: Charles Rahm
Affiliation: Maplewood Investment Advisors, Inc.

October 14, 2010

Ms. Murphy,
I cannot emphasize enough the importance of the 12b-1 ongoing compensation to financial advisors.
12b-1 fees give compensation to me as a financial advisor for the many retired citizens I serve, long after their initial investment was made. For example, I have many clients who were pushed out in the early 90`s from Southwestern Bell, I assisted them with their rollover IRAs, and that was the only investment they had with me. However, because I still am compensated the small stipend of the 12b-1, I can justify my time to continue to serve the clients for many years to come.
If 12b-1`s are reduced or removed, I will no longer be able to spend time working with these clients.
If you have any questions, please do not hesitate to contact me.

Mr. Charles Rahm
Financial Advisor
Maplewood Investment Advisors, Inc.