My company's 403(b)(7) retirement plan is with Merrill Lynch. In February 1998, I put my money into a Dogs of the Dow (Dow 10) strategy mutual fund.I got a call from ML a couple days ago informing me:"During the course of our internal audit, we discovered that the Dow Fund you're in is not permitted for 403(b)s according to the IRS. It's not what they call a 'regulated investment company'. You'll have to sell that fund and buy another by June 11th or we'll do it for you."I'm looking for help seeing through my blind fury. I definitely don't think I shouldn't pay any fees for the buy and sell. Am I justified in seeking compensation for this interrupted strategy which is predicated on holding for a year? I bought the fund because historically it outperforms the S&P 500 by several percentage points. What advice does anyone have on how best to proceed (besides trying to get my company to move our money out of Merrill Lynch?)A Desparate New Fool
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