Subject: File Number S7-15-10

October 27, 2010

To Whom It May Concern:
I have been a licensed insurance professional and registered representative for almost 10 years, and yet again we are faced with a proposal that would limit the time we have to give advice to our clients. In regards to changing 12b-1, I strongly object to the SEC permitting mutual funds to issue a new class of shares at NAV that would allow broker-dealers to set their own sales charge and commission amount. This would come at the expense of needed advice and service for investors and makes it tremendously more difficult for us to continue to provide solid and consistent individualized advice to middle market clients. Investors with smaller fund account balances will be forced to self-direct their accounts. This is like privatizing social security, which I know our government is against. So why change 12-b1 for what would become a similar result?
Best regards,

David Saltzman, CFP®, CLU, ChFC
Certified Financial Planner™
Medical Division Member
North Star Consultants of Texas