Subject: File No. S7-15-10
From: Neal E Nakagiri, Esq
Affiliation: President, CEO, CCO, NPB Financial Group, LLC

July 28, 2010

I like the idea of negotiated commissions for mutual fund shares. This will eliminate the enforcement investigations and disciplinary sanctions whenever the wrong choice of shares is made.
Our firm is a dually-registered entity, and I am comfortable with the proposed idea of negotiating how and what the client will pay in order to purchase a mutual fund share.