SEC moves closer to addressing 12(b)-1 fees
An SEC official last month said that the agency is committed to addressing 12(b)-1 fee reform from the perspective of an investor.
An SEC official last month said that the agency is committed to addressing 12(b)-1 fee reform from the perspective of an investor. Andrew J. “Buddy” Donohue, director of the SEC’s division of investment management, said the hope is to streamline the regulatory approach, to create disclosures that communicate effectively with investors and to protect investors’ interests while ensuring that they receive the benefits and services that 12(b)-1 fees now pay for. SEC officials previously have said they expect to unveil recommendations for reform by this summer.
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