SEC will ask Congress for changes to 12(b)-1 fees

06/3/2009 | InvestmentNews (free registration)

The Securities and Exchange Commission will recommend changes to rules governing 12(b)-1 fees. The fees deal with how mutual fund companies compensate broker-dealers. "These fees, with their bureaucratic-sounding name and sometimes unclear purpose, are not well understood by investors," Chairwoman Mary Schapiro said.

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