SEC holds roundtable on 12b-1 fees
Securities regulators recently hosted a daylong roundtable to discuss mutual funds’ use of 12b-1 fees.
Securities regulators recently hosted a daylong roundtable to discuss mutual funds’ use of 12b-1 fees. Originally intended to cover fund marketing and distribution costs, such fees often are used now as a substitute for a sales load or for servicing, regulators say. The SEC is in the early stages of reviewing the fees and likely will propose rule changes later this year.
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