Broker-dealers, whose trade groups are petitioning the Securities and Exchange Commission to halt the crackdown on 12b-1 fees, show sufficient disregard for their duty to investors that they should be subject to “special scrutiny” from regulators when Regulation Best Interest is implemented June 30, a prominent member of the SEC’s own Investor Advisory Committee said in a letter to the agency.

That’s according to Barbara Roper, director of investor protection at the Consumer Federation of America, who sent a letter to SEC Chairman Jay Clayton criticizing a recent petition filed by the Financial Services Institute (FSI) and other groups to stop what they term the agency’s “backdoor regulation” of 12b-1 fees.

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