SEC Chairman Mary Schapiro has indicated that her staff will reconsider the repeal of or modifications to Rule 12b-1 in 2010. Rule 12b-1 authorizes mutual funds to use their assets to pay for marketing and distribution expenses. Although there has been no official movement on this issue from the Commission, something is expected from the Commission in the near future. FSI seeks to preserve 12b-1 fees that promote affordable access to professional advice and support for all investors.
Click on the headlines below to read about the most recent activity on 12b-1 Fees.
David Bellaire, Esq.Executive Vice President & General Counsel 770 980-8488email David