Subject: File No. S7-15-10
From: Darlene Tucker

July 30, 2010

12b1 fees are the only means for brokers to be compensated for ongoing service and advise given to clients on smaller accounts belonging to individuals that do not have the resources required to pay hourly rates for advise and service.

Even now many firms will not work with clients that have less than an pre-established minimum to invest. Elimination of 12b1 fees will make this almost universal. Brokers have to be compensated for thier time in order to make a living as well and clients that have smaller amounts need the professional advise even more than those with more to invest, but cannot usually afford the hourly fees charged by RIA's.