SEC looks at mutual fund fees

Many people have never heard of the Rule 12b-1 fee, but it took an $11.8-billion bite out of investors’ assets last year – and if you ever have invested in a mutual fund, you probably paid your share, too. Now, the U.S. Securities and Exchange Commission is considering overhauling or eliminating the fee, which was…

Want More?

Subscribe or register with Providence Business News to keep reading.

for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -