SEC Proposes to Tighten Rules on 12b-1 Mutual Fund Fees

On July 22, 2010, the Washington Post reported, “Are mutual funds overcharging investors? Securities and Exchange Commission Chairman Mary Schapiro, in gentler terms, asked as much Wednesday as the agency proposed new rules to govern mutual fund fees. The mutual fund fees at issue, known as 12b-1 fees, are little-known annual charges that SEC officials worry are making some investors pay more than they realize to invest in mutual funds.”

More: http://www.washingtonpost.com/wp-dyn/content/article/2010/07/21/AR2010072106174.html

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