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


What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video


What are the paths forward for the DOL fiduciary rule?

Deputy editor Bob Hordt and senior columnist Mark Schoeff discuss the the Fifth Circuit's decision to vacate the fiduciary regulation.

Latest news & opinion

Social media all-stars of the financial advice community

With thousands of followers, these industry leaders are using Twitter and other platforms to find new clients, colleagues and friends.

UBS reels in $30 billion J.P. Morgan team focused on Mexico

The five-member team will be based in Miami, Houston and New York.

Higher estate-tax exemption level could mean less work for advisers

With fewer taxpayers affected by the federal estate tax, the demand for estate planning is diminished.

Stocks plunge, advisers tell clients to hang tight

Though planners encourage calm, some are preparing investors for a correction.

Lightyear Capital's Donald Marron said to be in the hunt for Cetera Financial Group

The veteran brokerage executive, who bought Advisor Group in 2016, owned Cetera once before.


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print