SEC’s Gensler keeps mutual fund fees on agenda, for now (BARRON’S)
FrontLine Compliance
Prior to becoming SEC Chairman, Gary Gensler testified before Congress on fee abuses and conflicts of interest in the mutual fund industry, He also wrote a book detailing similar issues. So it was natural to think this would be a high priority item for his SEC agenda, especially 12b-1 fees, which Gensler had prior concerns about. In the lead comments for the BARRON’S story, Amy Lynch, FrontLine’s Founder and President, states that 12b-1 fees would…
