April 12, 2004
Im writing in support of both new rules governing mutual funds presently being proposed by the SEC.
Fund companies should be prohibited from offering incentives to brokers to steer investors to their funds. They should also be stopped from using shareholders assets, rather than fees, to pay certain marketing expenses.
I also support the second rule which would require fund companies to detail my costs side-by-side with the funds gain or losses for the year.
Thank you for your consideration and efforts.