MUTUAL FUND FEES

Mutual fund fees are significantly higher than those in the United States.

The Ontario Securities Commission called for comments. CSA Discussion Paper and Request for Comment 81-407 Mutual Fund Fees http://www.osc.gov.on.ca/documents/en/Securities-Category8/csa_2012123_81-407_rfc-mutual-fund-fees.pdf The call for comments was 50 pages in length. My comment and solution was 1 page. It follows Comment 81-407 Mutual Fund Fees Date: Fri, 14 Dec 2012 09:41:30 -0800 To: comments@osc.gov.on.ca Hi Secretary OSC Ontario Securities Commission. Please consider the advantages of free trade. Open the market in Canada to funds from other jurisdictions especially the relatively low cost US. Competition is wonderful in reducing costs. Yes Canadian regulators will object. After all one of their main jobs is to keep their jobs. Note in particular the opposition to a single regulator in Canada. It is indicative of more interest in job retention than overall effectiveness and efficiency. Simply allow free trade with other jurisdictions with adequate oversight e.g. USA. Perhaps Canadian regulators could monitor the level of oversight in other jurisdictions and gradually expand the list of "free trade jurisdictions. Sincerely