Archive
Registration
Rule 12b-1
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
Federal Court Dismisses Fund Distribution Fee Case
June 17, 2011
Earlier this month, a district court in New York dismissed plaintiffs' claims in Smith v. Oppenheimer Funds Distributor, Inc., a case involving payments made to broker-dealers by the funds' distributor in accordance with the funds' 12b-1 plan. The dismissed case was one of a number… read more
Schapiro: Pending IM Reforms Will Move Forward
February 08, 2011
In her address before the annual SEC Speaks event in Washington, DC last Friday, SEC Chairman Mary Schapiro outlined the reforms at the agency, as well as some of the budgetary and timing challenges the SEC is facing as a result of deadlines in the… read more
Forum Submits Comments on Rule 12b-1 Reform Proposals
November 10, 2010
Last Friday, the Forum, along with many other industry participants, submitted its comment letter to the SEC on the agency's proposals to reform the manner in which funds pay for distribution and marketing-related expenses. As we disucussed in our July 26, 2010 post, "SEC… read more
IM Issues in the SEC’s Strategic Plan
November 08, 2010
On October 22, the SEC released its Strategic Plan for 2010-2015 laying out the agency's strategic goals, performance metrics, and resources required to meet those goals. Chairman Mary L. Schapiro characterized the Strategic Plan as follows: This Strategic Plan is ambitious. Through the activities described,… read more