In an effort to stifle the unfortunate trend of market timing, the Securities and Exchange Commission voted Wednesday to consider the division of investment management’s proposal that would make 2% redemption fees mandatory for shares redeemed within five days of purchase.

The money from the fees, if rule 22c-2 of the Investment Company Act of 1940 becomes reality, would be invested directly back into the funds themselves, assuring long-term shareholders do not get trampled by quick-hitting investors trying to time funds.

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