From: Lauren Garland |
As an investor trying hard to save for a secure retirement I very strongly support SEC rule changes to reduce considerably permissible 12b-1 sales charges. Not all funds impose fees. Many investment professionals and knowledgeable investors consider these fees to be excessive charges. Rule 12b-1 is an example of how relatively innocent and well-meaning legislation can wind up dreadfully awry. Why would a $100 billion fund need to charge the same 12b-1 fees as a $10 million fund? Why is there such a vast array of fund classes solely assembled to confuse investors? The federal government needs to protect citizens so that are encouraged and supported in their efforts to save for retirement. The government does not exist to enrich the business class. |