The Securities and Exchange Commission will revisit 12b-1 fees in July, potentially putting a cap of 25 basis points on them and renaming them to clearly indicate their use for marketing purposes, said SEC Commissioner Elisse Walter.
However, the SEC will not turn its attention to 12b-1 fees until it has finished its work on the Dodd-Frank reform bill, she said. But once it takes up 12b-1 fees, she said, it will bring its “full force” to the issue.
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