In a move that could change the way brokers and advisers sell mutual funds, the Securities and Exchange Commission has released a new report examining public and industry perspectives on investment advisors and broker/dealers.

The study was conducted by the RAND Corp.'s Center for Corporate Ethics, Law, and Governance after a Court of Appeals last March overturned a 2005 SEC rule permitting non-adviser broker/dealers to charge fees to investors based on account size.

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