Will 12(b)-1 plan fizzle without champion?
Buddy Donahue -- the 'driving force' behind the SEC proposal on fund fees -- is leaving the agency. The upshot? The final rule may look a whole lot different than the current model.
The announced departure of Andrew J. “Buddy” Donohue from the SEC — along with rising opposition from advisers and fund managers — could substantially change the fate of the 12(b)-1 proposal, according to industry observers.
In fact, experts said the final rule will d
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