March 19, 2004
I support the SEC for requiring
brokers and brokage firms to disclose more information about costs and potential conflicts of interests to investors who purchase mutual fund shares, UIT interests,
529 plan shares, and certain other investments. We need to change our rules and enforce brokers to disclose detailed, specific information about the fees and expenses that investors paid for the product they had purchased. I would also like them to tell me how much they and their firm stand to benefit from my purchase of that product.
Sencerly,
BW