SEC: Revisions to 12(b)-1 fees floated
The SEC last month proposed overhauling mutual fund distribution fees, known as 12(b)-1 fees. The proposed rule and…
The SEC last month proposed overhauling mutual fund distribution fees, known as 12(b)-1 fees. The proposed rule and rule amendments aim to limit fund sales charges and improve the transparency of fees for investors, among other things. Basically, funds would be permitted to charge a “marketing and service fee” of up to 0.25%, and would be required to disclose such fees. For more details and information on submitting comment by Nov. 5, cilck here.
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