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SEC proposes overhaul of mutual fund distribution and service fees
  • Sullivan & Worcester LLP
  • USA
  • August 9 2010

The Securities and Exchange Commission (the "SEC") recently proposed a new rule and rule amendments that would eliminate distribution and services fees charged by mutual funds in accordance with Rule 12b-1 under the Investment Company Act of 1940 (the "1940 Act") but would authorize funds to charge a marketing and service fee and an ongoing sales charge.

The Dodd-Frank Wall Street Reform and Consumer Protection Act’s potential impact on mutual funds, private funds and investment advisers
  • Sullivan & Worcester LLP
  • USA
  • July 16 2010

On July 15, 2010, the U.S. Senate passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Bill") by a vote of 60-39.

Robert N. Hickey
  • Sullivan & Worcester LLP