February 13, 2004
There needs to be a stop to all 12-B1 fees and soft dollars on brokerage money market funds.
Did you know a Broker/Dealer is getting 75 bp in soft dollars for forcing their clients to use a certain money fund for money awaiting investment?
Why should investor get .1 or less in return when they are forced to pay an annual amount of .75?
None of this goes to the fund manager nor for any other reason than they can get away with it.