Subject: File Number S7-15-10

October 27, 2010

I am opposed to SEC allowing broker-dealers to set their own commissions. The middle market investor will loss out if this occurs. The middle market investor will loss the advice they need because the price will be set by the broker-dealer and the lower the price will effect how much service and advise will not be provided to the middle market client. Ony the higher income investors will continue to receive the personalized investment advice.

The smaller investor will end up having to self direct their accounts without advice concerning their accounts. The desire of the SEC to protect the middle and loer market investors will be hurt the most.

Lodie V. Biggs III