Subject: File No.
From: Randy Sauve
Affiliation: ChFC

October 30, 2010

-RE: File Number S7-15-10 As a licensed registered rep. and insurance professional for over 31 years I want to give you some of my thoughts regarding the proposed rules on 12B-1s.

As someone who serves many clients with accounts that would be considered small I am very concerned that allowing Broker Dealers to set their own sales charge and commission amount will affect my clients in a very negative way in regards to Mutual Funds.

I currently help my clients in a number of areas of financial planning and do much of it in face to face meetings - but I am very concerned that the new rules will make it too expensive for them or me to work together.

Please consider changes that will protect the smaller investor.


Randy Sauve ChFC