From: rick [ricksterr@aol.com]
Sent: Wednesday, February 11, 2004 9:50 PM
To: rule-comments@sec.gov
Subject: 12-B1 FEES (s7-09-04)

I UNDERSTAND THERES A PROPOSAL TO ELIMNATE 12-B1 FEES...THIS WOULD ELIMINATE $ 
MILLIONS IN INCOME THAT IS BEING RECEIVED AS DIRECT COMP TO  BROKERS..THIS 
COMPENSATION MOST TIMES(IN C-SHARE CLASS) IS THE BROKERS ONLY FORM OF INCOME..I 
GIVE UP ANY FRONT END LOAD OR PAY SCHEDULE IN LUE OF TRAIL COMMISIONS (12-B1 
FEES.).I.E. INSTEAD Of SELLING AN A-SHARE MUTUAL FUND WITH  5% UP-FRONT SALES 
CHARGE, I FORGO THAT 5% AND CHOOSE A 1% ANNUAL 12-B1 PAYOUT AS COMMISION 
INSTEAD..IN OTHER WORDS THAT'S THE FEE I RECEIVE FOR MANAGEING MY CLIENTS 
ACCOUNTS..THAT'S HOW I FEED MY FAMILY AND I DON'T THINK IT'S BAD TO SAY THAT'S HOW 
I GET PAID...I'M SURE ALL THE PEOPLE WHO WORK IN D.C. GET PAID TO GO WORK, WHY IS 
IT SO BAD FOR BROKERS TO GET PAID..WE DON'T WORK FOR FREE, NOR DOES ANYONE IN THE 
USA...IF 12-B1 FEES WERE STOPPED THOUSANDS WOULD BE PUT OUT OF AN INCOME AND CHAOS 
IN THE INVESTMENT COMMUNITY WOULD REGIEN SUPREME.THOUSANDS OF US BUILT OUR 
PRACTICES FAIRLY AND TAKE GOOD CARE OF OUR CLIENTS..WHY MUST A FEW BAD 
APPLE,ETC..THERE ARE BAD DOCTORS SO LETS BAR MEDICINE, BAD DENTIST SO LETS STOP 
PAYING ALL OF THEM !!!! ...THIS IS WRONG...THANKS FOR YOUR TIME..
 
RICK ANS
"WorldSecure <nef.com>" made the following
annotations on 02/11/2004 06:47:59 PM
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