The Securities Exchange Commission as well as the National Association for Securities Dealers announced today that they are conducting an investigation into the practices of firms that charge front-end sales loads on mutual funds.

The agencies said that they are garnering reports from all NASD member firms regarding their policies and procedures in an effort to ensure that investors are not overcharged on sales loads. In addition, the two agencies have partnered with the New York Stock Exchange to investigate the practices of firms that sell mutual funds with front-end loads.

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