July 30, 2010
The proposed bill truly harms both the small and middle
investor. 12b1's provide an incentive for investment
professionls to interact, engage and contact clients.
Absent getting paid on an ongoing basis, investment
professionals will not service the client accounts. Does
this benefit the client? Certainly not I have many
individuals that rely on my support and advice. By
limiting/eliminating my compensation to my clients, we
both are harmed.