SEC: Deadline nears to comment on 12(b)-1 fee changes
Comments are due Friday on proposed rule changes that would affect fund distribution fees, known as 12(b)-1 fees
Comments are due Friday on proposed rule changes that would affect fund distribution fees, known as 12(b)-1 fees. The proposed SEC rule and rule amendments aim to limit fund sales charges and improve 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, click here.
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