Fund-industry observers are lobbing new criticism at regulators’ recent moves to limit mutual-fund sales fees, efforts that already were under fire for being too weak. The Securities and Exchange Commission on July 21 unveiled proposals to change fund-fee structures, in particular capping how much mutual funds can charge clients for the costs associated with selling the products. But the plans don’t address revenue sharing between funds and brokerages, an area of the industry with very little disclosure.
Fund-fee critics find gaps in SEC’s planned overhaul
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