SEC: Revisions to 12(b)-1 fees floated
The SEC has proposed changes to mutual fund 12(b)-1 distribution fees
The SEC has proposed changes to mutual fund 12(b)-1 distribution fees. The proposed rule and rule amendments aim to limit fund sales charges and improve transparency of fees for investors, among other things. Basically, funds would be permitted to charge a “marketing and service fee” of up to 0.25% and would be required to disclose such fees. For more details and information on submitting comment by Nov. 5, click here.
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