Subject: File No.
From: Michael Miller
Affiliation: Charted Life Underwiter

October 27, 2010

I am opposed to SEC File Number S7-15-10

By disallowing 12-b1 fees and letting b'ds set their own servicve rates, larde bd's will be able to squeez out smaller ones. Eventually, this lack of competition will lead to dimished services/advice provide to the individual investor.