SEC reviews firms' use of 12b-1 fees


Paula Drake, chief counsel in the agency’s Office of Compliance Inspections and Examinations told attendees at the Mutual Fund Directors Forum’s Policy conference in Washington, OCIE is “looking at any area that we think has potential conflicts or risks. It’s through intermediaries that you see the path of growth in the mutual fund arena — through 12b-1 fees, revenue sharing, sub transfer agency fees…; we want to understand what is happening in this very important area to investors.”

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