Subject: File No. S7-15-10
From: Jennifer J Feldhaus
Affiliation: Branch Manager

August 9, 2010

Regarding the proposed restriction on 12-b fees, C shares give us (as brokers) who believe in diversification and rebalancing the opportunity to put our clients in different fund families without the high front-end charge and then after one year move some or all of the money without penalty. This proposal will hurt our ability to do that. I suggest that instead of modifying the fee structure, that the SEC just implement a better way to inform the clients of the fess that are associated with the mutual funds. Otherwise all that will be sold is front-end loaded funds and that will greatly hurt the individual investor.