[Chambo]

The part I had the largest issue with in the article was the comparison of brokers in our industry to the "sub prime mortgage brokers" etc...I thought that was grossly exaggerated and in this article they made 17% commissions sound like the rule not the exception, which in my experience, it is.

Andy, there are funds that allow 17 point markup. That is only part of it. The OTHER part is the extra "professional service fees" attached (never a more gross misnomer if I ever heard one). Add those costs into the deal, and yeah, you are talking that kind of commission.

Businessweek is a pretty prominent magazine in the business world, also read by a politician or two. To all those naysayers who poo-poo on the chances of political curtailing on rampant surcharges I say "Repent, for the end is nigh!"