Subject: File No.
From: Laura P DeGolier
Affiliation: CLU, LUTCF, FSS, designations from The American College

October 31, 2010

File # S7-15-10

This is my 22nd year as a registered representative and 31st year as an insurance agent.
I support the SEC proposed rule 12b-2 which continues the 25 basis points fee that is used to ensure investors receive ongoing service and advise.
However I oppose the SEC's effort to issue a new class of shares at net asset value having the agents negotiate the fees with their clients. Clients, customers, consumers are financialy illiterate in many instances. They know they have to save for retirement, but don't understand much about the investments used to achieve those goals. If they also have to negotiate their fees, their education to be able to make wise investment choices will be lost. This added complexity to the transaction will not help an America that already saves too little for retirement, it will only confuse and turn away the very people it is intended to help.