"Ameritrade waives fees on funds" says Crain Communication's Investment News. The article states, "TD Ameritrade Holding Corp. last week said it began waiving fees on at least one of its funds in December and will likely reduce or eliminate fees for the vast majority of its other money market funds over the next few months to avoid a zero or negative return for investors." The piece quotes Peter Crane, "You will see more waivers because the money markets are still bottoming.... If the revenue pressure becomes acute, I assume they would begin those investments [FDIC-backed and government agency debt] as a last resort.... If rates stay low for another year, it may cost a couple of hundred million dollars [out of a Crane estimate $15 billion in annualized revenue]. That's certainly not welcome in this environment, but it's not going to send fund firms or investors running and screaming out of the Treasury sector." Also, see MarketWatch's "Federated stock up 8% after positive results".
