Monday, March 11, 2013

SEC to examine fund fees, alternative funds

The top U.S. securities regulator plans to examine how the advisory industry pays mutual fund distributors, as well as broader trends and risks involving alternative funds.  Securities and Exchange Commission examiners will kick off the first of two "sweeps" next week, the SEC's Office of Compliance Inspections and Examinations Deputy Director, Andrew Bowden, told Reuters on Friday.

The first sweep will examine the different payments made to mutual fund distributors, including revenue-sharing, fees paid to industry conference sponsors and so-called "12b-1" fees, which are deducted from mutual funds to pay for fund promotion and other shareholder services…..

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