BISYS Group, which provides back-office and marketing support to mutual fund clients, has just indicated in an SEC filing that the Commission is looking at how it allocates marketing and distribution payments on behalf of some of its clients.

BISYS said the inquiry is most likely part of what has become a standard, industrywide request by the SEC for information on marketing and distribution arrangements. BISYS also issued a statement saying it is cooperating fully with the SEC.

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