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Rule 12b-1
Law Firms Analyze Proposed 12b-1 Reforms
August 11, 2010
The SEC's recent proposals to reform the way that mutual funds pay for distribution have prompted the various law firms counseling advisers, fund boards, service providers, and other fund industry participants to provide their clients with distillations and discussions of the Commission's proposals. Many,… read more
SEC Proposes Reforms to Rule 12b-1
July 26, 2010
On Wednesday, July 21, the Securities and Exchange Commission approved publication of proposed rules that will fundamentally transform how it regulates sales and distribution fees under Rule 12b-1. Notably, the proposed amendments would limit director involvement in distribution fees and the new regime would… read more
SEC to Propose 12b-1 Reforms July 21
July 19, 2010
The SEC has announced that at an open meeting on July 21 it will consider proposing amendments to reform rules governing distribution fees paid by mutual funds. In particular, the Commission will consider: . . . a recommendation to propose for public comment a new… read more
Independent Chair Bruce Crockett on the 15(c) Process and Beyond
May 04, 2010
Last week, Bruce Crockett, the independent chairman of Invesco AIM Funds' board, sat down with Morningstar and gave a candid and revealing interview about the the workings of his board and the hands-on approach his board takes in the contract renewal process and its other… read more
Schapiro: Commission to Tackle 12b-1 Fees in 2010
February 09, 2010
At last week's SEC Speaks 2010, SEC Chairman Mary Schapiro as part of her opening address, announced that reforms to 12b-1 fees are once again on the Commission's agenda. Though Schapiro mentioned 12b-1 fees as part of her discussion of disclosure reforms, and in… read more