PALM DESERT, Calif. - Andrew Donohue, director of the Securities and Exchange Commission's Division of Investment Management, said Monday that he doesn't think the SEC will push for changes to rule 12b-1 govering mutual fund fees this year.

"We are still committed to its reform, but I think it would be wise to defer consideration of 12b-1 reforms for this year," Donohue said at the Investment Company Institute's Mutual Fund and Investment Management Conference at the Desert Springs Marriott Resort here.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.