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Article: E*TRADE Securities' Industry-First Mutual Fund Rebate Program Goes Live; -- First-of-Its-Kind Program Provides 50-percent Rebate of 12b-1 and Service Fees for Thousands of Mutual Funds.
- Article from:
- PR Newswire
- Article date:
- December 9, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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E*TRADE FINANCIAL Corporation today announced the availability of the E*TRADE Securities 12b-1 Mutual Fund Fee Rebate Program, which rebates customers 50 percent of the amount E*TRADE Securities receives from mutual fund companies in 12b-1 and service fees for distributing and servicing their respective funds.
"By putting money back in the pockets of investors, our Rebate Program gives an opportunity to the 53.3 million American Households that own mutual funds to maximize each dollar they invest," said Jarrett Lilien, President and Chief Operating Officer, E*TRADE FINANCIAL. "We are tenacious about providing our customers differentiated and tangible value. ...