Washington (Feb. 18, 2004) -- The Financial Planning Association lent its support to a Securities and Exchange Commission proposal that would require enhanced disclosure regarding mutual fund breakpoint discounts, but said the plan may not go far enough.

“This enhanced disclosure will assist financial planners and investors in understanding the breakpoint opportunities available to them, and will have an overall beneficial effect on consumer protection,” Neil A. Simon, FPA director of government relations, wrote in a Feb. 13 e-mail to SEC secretary Jonathan G. Katz.

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