And they got the upper hand: the SEC rule was finally dropped after intense lobbying and law suits.
They were also accused of selling their company stock without telling investors, which is a requirement under SEC rules.
This fee is called a 12b-1 fee, after the SEC rule authorizing it.
And some say that tight SEC rules on shareholders' freedom to talk to one another, and to their company, hinder good corporate governance.
It violates the SEC rules for customer's men to go around laying the customers.
SEC rules require funds to disclose both shareholder fees and operating expenses in a "fee table" near the front of a fund's prospectus.
SEC rules require mutual funds to disclose in their prospectuses after-tax returns.
Various SEC rules were enacted to curtail this practice.
Information about how to describe these items is set out in SEC rules.
So, these aren't "bookkeeping" charges, but are charges required by SEC rules.
And they got the upper hand: the SEC rule was finally dropped after intense lobbying and law suits.
They were also accused of selling their company stock without telling investors, which is a requirement under SEC rules.
This fee is called a 12b-1 fee, after the SEC rule authorizing it.
And some say that tight SEC rules on shareholders' freedom to talk to one another, and to their company, hinder good corporate governance.
It violates the SEC rules for customer's men to go around laying the customers.
SEC rules require funds to disclose both shareholder fees and operating expenses in a "fee table" near the front of a fund's prospectus.
SEC rules require mutual funds to disclose in their prospectuses after-tax returns.
Various SEC rules were enacted to curtail this practice.
Information about how to describe these items is set out in SEC rules.
So, these aren't "bookkeeping" charges, but are charges required by SEC rules.
