Subject: File No.
From: john howe

October 27, 2010

File Number S7-15-10

I have been a registered representative for over 30 years and have had the privilege of helping many wonderful
people achieve their goals regardless of their income or
level of assets.I support proposed rule 12b-2 to the extent
it promotes pricing transparency. However,allowing broker-
dealers to set varying sales charges by permitting mutual
funds to issue new share classes will not, in my opinion,
help investors. Middle income investors in particular may
suffer the most as advisors are forced to focus on higher
net worth clients.High end clients may be able to negotiate
lower costs at the expense lower and middle market folks.
I know 12b-2 is well intentioned - I fear it will not have
the desired effect. Please do not pass this rule.
Thank you.