Subject: File No.
From: Rebecca Raeke
Affiliation: National Association of Insurance and Financial Advisors

November 2, 2010

I oppose the proposed rule that would reform SEC Rule 12b-1 to allow broker dealers to set their own commision as it would lead to a dis-service to the client. Allowing this would contribute to a "race to the bottom" where the lack in compensation would not allow registered representatives to spend the amount of time necessary to actually give sound investment advice. If this would pass-it may benefit the consumer in the short-run but would negatively affect them in the long run.