February 25, 2004
FIRST, I WOULD LIKE TO THANK YOU FOR THE MANY THINGS YOU HAVE DONE TO PROTECT INVESTORS FROM UNFAIR TRADING PRACTICES.
SECOND, I WOULD LIKE TO VOICE MY OBJECTION TO MUTUAL FUND QUICK TRADE FEES FOR FIVE DAYS OR LESS. THIS WOULD BE AN INJUSTICE FOR YOUR AVERAGE INVESTOR WHO MAKES UP MOST OF THESE FUNDS. RAPID TRADING IS A PROBLEM FOR INVESTORS BUT I FEEL THAT MOST FUND MANAGERS ADDRESSED THIS BY ALREADY HAVING EARLY TRADE FEES AND THEY SHOULD NOT BE ENCOURAGED TO INCREASE THESE FEES.
SINCERELY,
JOHN HALL