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From: Harry Summers [mailto:summers@garlic.com] SEC Folks- I have been registered since 1961 and have never seen any action more beneficial to the average investor thsn 12b-1 fees being paid to their brokers. For years prior to 12b-1 at best new business subsidized old inactive accounts, at worst brokers looked for activity or just ignored them. Please don't regress 12b-1s make sense . |