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SEC Proposes Overhaul of Mutual Fund Distribution and Service Fees

John L. Chilton, David M. Leahy, Stacy H. Louizos, David C. Mahaffey
Client Advisory, August 9, 2010

This Client Advisory discusses a new rule and rule amendments proposed by the Securities and Exchange Commission that would eliminate Rule 12b-1 distribution and service fees charged by mutual funds but authorize funds to charge marketing and service fees and ongoing sales charges to finance distribution activities.

View Client Advisory (PDF)