March 18, 2004
I would like to see the SEC require brokers to disclose more information about costs and potential conflicts of interests to investors who purchase mutual fund shares, UIT interests, 529 plan shares, and certain other investments.
Brokers should have to disclose in detail specific information about the fees and expenses investors will pay for a particular product. They also should have to tell investsors how much they and their firm stand to benefit from our purchase of that product.
This seems to me to be a no-brainer. Since when would the SEC endorse hiding information from investors?
Please act on this important issue