Skip to Content
Commentary

The Unbearable Meaninglessness of 12b-1 Fees

These fees must be recharacterized to reflect the types of services that shareholders actually receive.

Regarding mutual fund 12b-1 fees, SEC chairman Mary Schapiro recently noted that:

"Investors may have no idea these fees are being deducted from their mutual funds, what services they are paying for, or who they are ultimately compensating."