SEC's Walter says work on 12b-1 fees to start in July

05/2/2011 | InvestmentNews (free registration)

Elisse Walter, a member of the Securities and Exchange Commission, said the agency will return to work on the 12b-1 fees this summer. "Every dollar collected in 12b-1 fees is a dollar deducted from a fund's return," Walter said. Currently, the SEC is focused on writing rules mandated by the Dodd-Frank Act.

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