March 15, 2004
I support the SEC proposed plan, requiring brokers to disclose more detail-specific information about the fees/expenses shareholders pay for a particular product. Brokers should reveal any conflicts of interests to investors who purchase mutual fund shares, UIT interests, 529 plan shares, and certain other investments. If SEC changes their rules, brokers would have to disclose in detail specific information about the
fees and expenses you will pay for a particular product. I also support the SEC proposal that shareholders be told the exent that brokers and their firm benefit from the shareholder purchase of their product. Shareholders never get enough financial information from the prospectus. So I strongly support the SECs proposal requiring brokers provide us with more information. We are the ones taking the risk and I believe that should be compensated.