Subject: File Number S7-15-10

October 28, 2010

As a Registered Representative for over 5 years I cannot see how I can service my clients when the only consideration is price. I believe that I offer knowledge and understanding that is an added value. I believe I charge, as well as many other advisors charge, a more than fair fee for this service.

As broker-dealers lower their sales charges and fees in an effort to gain market share, it will no longer be financially feasible for registered representatives to continue to provide the level of individualized advice and ongoing service that we currently provide to our middle and lower market clients.

Please recognize this when you vote...

Jon Postyn