Three months ago, financial experts were concerned that the Securities and Exchange Commission was on the verge of eliminating or making major revisions to 12b-1 fees for marketing and distributing mutual funds. A lot has happened since then.

While there was a last-minute push to get legislation on XBRL reporting and a summary prospectus rule passed, the SEC's failure to move on 12b-1 fees before the end of the year has probably stalled any effort for at least a few more years.

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