Archive
Registration
Distribution
OCIE Director Discusses Distribution Sweep
March 22, 2013
Carlo di Fiorio, director of the SEC Office of Compliance Inspection and Examinations, spoke recently about the ongoing sweep regarding fund distribution payments at a recent industry conference. According to MutualFundWire.com, exam staff will be reviewing fees that go beyond the 12b-1 process, including… read more
SEC to Examine Distribution Fees and Alt Funds
March 11, 2013
The SEC will begin an exam sweep of mutual fund distribution fees, including 12b-1, sub-transfer agent, revenue sharing and conference fees, later this year, according to Andrew Bowden, deputy director of the SEC's Office of Compliance Inspections and Examinations. According to AdvisorOne, Bowden stated… read more
Eliminating 12b-1 Fees in IRA Accounts Would Have Minimal Impact
February 22, 2013
A recent paper analyzes the potential effects of a proposed Department of Labor (DOL) rule that would eliminate 12b-1 fees on mutual funds held in IRA accounts. Many in the industry have criticized the rule change, arguing that eliminating these fees could reduce the amount… read more
Study: 401(k) Trustees Favor Their Own Fund Families
February 13, 2013
The National Bureau of Economic Research recently studied whether mutual fund families acting as trustees of 401(k) plans display favoritism toward their own funds. The study found that poorly-performing funds are less likely to be removed from, and more likely to be added to, a… read more
Study: Higher Sales Loads Increase Inflows But Hurt Future Performance
February 07, 2013
A recent academic study looks at how sales loads and revenue sharing affect fund inflows and performance. The study found that inflows usually increase with the load paid to a broker, in particular when the brokers are unaffiliated. However, investment performance also tends to suffer… read more