Sign Up

NCLA Site Search

Lobbyists Accuse SEC of “Backdoor Regulation” on 12b-1 Fees

Four industry groups have filed another petition before the SEC accusing the regulator of using “backdoor regulation” of 12b-1 fees.

“This petition is about the Securities and Exchange Commission’s thirty-year effort to effectively outlaw Rule 12b-1 fees, and the concerted campaign of subregulatory sabotage upon which it embarked when it could not get its way through the proper channels,” the petition says.

Read the full article

 

June 25, 2020