Subject: File No. S7-09-04
From: Albert T Gerra
March 5, 2004
This is an excellent rule that should not provoke controversy from anyone other than those mutual funds that are abusing the current soft dollar system.
Furthermore, I would like to suggest that an exact accounting on how mutual funds spend these soft dollars be required in the annual report. Nothing like a little sunshine to help investment companies clean up their act.
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