A new report issued this afternoon by securities regulators shows that nearly one in three sales of front-end-load mutual funds between November 2002 and January 2003 did not receive the breakpoint sales charge it should have.

On average, that failure cost investors $364 in lost discounts per transaction, according to the regulators that released the study.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.