REGULATION: SEC staff to weigh in on 12(b)-1 fees

Aug 4, 2009 @ 12:01 am

The SEC is again exploring possible changes to a rule governing the 12(b)-1 fees that investors pay to mutual funds. At a recent congressional hearing, SEC Chairman Mary Schapiro said she has asked her staff to make a recommendation about such marketing and sales fees, explaining that investors are unclear about them. The regulatory agency has addressed the issue in the past; Ms. Schapiro’s predecessor expressed concern about the use of 12(b)-1 fees to compensate brokers. For a look at Ms. Schapiro’s congressional testimony, visit


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