March 17, 2004
In a word, the proposed changes and your forms are great. This will layout in exact detail what the relationships between brokers and mutual funds are and the costs associated with all the different variables as relates to each individual fund. As there becomes increased emphasis on people planning for their own future and the government looking at a greater use of individual retirement accounts as a substitute for Social Security there becomes a responsibility on the part of the governmental regulatory bodies to make sure that the public is able to make fully informed investment decisions. These changes are essential in that regard. Full disclosure is almost always a good thing. Objections, if any, from the industry only serve to support why these should be instituted.