Subject: File No. S7-15-10
From: Brant Spesshardt, CFP
Affiliation: FSC Securities

July 29, 2010

I agree with protecting clients. I think there should be full disclosure. I personally am paid 12b-1's as my primary compensation to service existing clients. I agree that the fees on Class C shares should be lowered over time. I also feel that more transparent disclosure is good. I do not think Broker Dealers should be able to set their own sales charges. And also do not think that R shares for retirement plans should be limited to 25 bps (for me personally I have certain 401ks that cost significantly more to manage due to multiple locations...greater time and fuel expenses). I believe in reform but not all of the proposed changes.