I have a quick question about transfer fees. Can a rep "absorb" them or are there rules that prohibit such actions. <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

I have heard two different sides to this. Clients who claim that they were paid for when they transferred to MS. I also heard that it violates the $100 gift rule (example $75 closing cost for each of 4 IRA's). Does anybody know if it is up to the rep, a firm thing, or a federal thing?

Thanks in advance.