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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