From: Jennifer M. Urgonski, MBA |
To Whom It May Concern: I hold a Series 7 Securities license and am affiliated with the broker-dealer Signator, Inc. I wish to make my feelings known regarding the 12b-1 debate. The trail compensation that I receive is very similar to the way that insurance agents receive renewal commissions on insurance policies that they sell. Elimination of this 12b-1 fee would create issues to investors who wish to obtain ongoing advice and counsel from their investment advisor. I disclose this 12b-1 fee to all of my clients, and I have never received any complaint from them regarding this. They do not mind paying this small fee for the ongoing level of service that I provide. I urge the SEC to reject any proposal to eliminate or restrict the payment of 12b-1 fees to registered representatives for providing continued service to their clients. This will hinder the investment industry to a great degree. Thank you for your consideration of my views on this subject. Sincerely, Jennifer M. Urgonski, MBA |