From: temurtaugh [temurtaugh@cox.net]
Sent: Saturday, January 24, 2004 10:29 AM
To: rule-comments@sec.gov
Subject: New Guidelines for Mutual Funds (s7-03-04 and s7-04-04)

I would like to add my support for the following new guidelines for mutual funds…

 

  1.. A mandatory code of ethics for all funds in order to do business which 
  would include providing any conflict of interest information at time a buyer 
  purchased shares. 
 

  1.. 75% of the board of directors would have to be independent. 
 

  1.. Companies would have to provide a clear description of the costs of 
  buying shares….and how those costs compare to other companies. 
 

Thanks for your support in implementing these guidelines.

 

Terry Murtaugh

5924 Burnside Landing Dr

Burke, VA  22015