SEC to take closer look at some mutual fund fees

03/11/2013 | Reuters · Financial Advisor online

Examiners at the Securities and Exchange Commission are poised to start the first of two "sweeps" to look into how mutual fund distributors are paid by the advisory industry, said Andrew Bowden, the deputy director of the SEC's Office of Compliance Inspections and Examinations. The SEC additionally plans to look at alternative-fund risks and other related issues. Bowden also said the SEC might work with the Commodity Futures Trading Commission on some examinations in the future. Check out SIFMA's Mutual Fund Distribution Fees(12b-1) Resource Center.

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Reuters · Financial Advisor online

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