October 27, 2010
I have been a licensed professional and registered representative for over 25 years. I support the new SEC rule 12b-2, which would continue the 25 basis points fee that is used to ensure investors receive the ongoing service and advice and the SEC's proposed use of the terms "marketing and service fees" and "ongoing sales charges" in place of "12b-1 fees" to improve transparency in disclosure documents. I oppose allowing broker dealers to set their own commissions.