Mutual fund expenses are at the top of the Securities and Exchange Commission's list for inspection priorities, according to Compliance Reporter.

The office of inspections and examinations will be scrutinizing how much mutual funds pay to affiliates, said Lori Richards, director of the office. The goal here is to make sure that mutual funds are disclosing this information to their boards, and that the boards have been playing an active part in approving them, said Richards.

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