Subject: File No. S7-15-10
From: Michael D. Bennetti
Affiliation: L&W Insurance Inc.

October 27, 2010

I have been a registered rep for over 10 years. The potential new net asset value class is deeply concerning. My clients do not have large amounts of assets under management and many are just starting out with their plans to save for retirement. I am concerned that I will be unable to continue to service my existing clients if this new net asset value class becomes a tool my Broker Dealer uses and my services are not compensated. Who will serve these clients for free? How will clients find the products & services they need if there is no one being compensated to service them and they don't have significant assets under management.

I recognize the attempt to protect the lower to middle end of the market investors, but it may actually eliminate options for these very investors to enter into or start a plan and find professional advice.

Michael D. Bennetti
L&W Insurance Inc.
1154 S. Governors Ave
Dover, DE 19904