Fees and custody rules likely out by year-end (ThinkAdvisor)

Expansive rulemaking by year-end is expected by the SEC with both 12b-1 fees and custody rules on its agenda. Both rules are currently in the works, comments Amy Lynch, FrontLine’s Founder and President, and a featured contributor in the story. Fund fees have been previously addressed by the SEC through numerous Enforcement actions, states Ms. Lynch, and the industry has received the message with the use of 12b-1 fees declining. She adds that while fund fees have been on the SEC’s regulatory agenda for some time, recent custody rule cases demonstrate the regulator plans to take a hard line on seeing through rulemaking in this area as well. See ThinkAdvisor, “SEC 12b-1 Fee, Custody Rules Likely Out by Year-End“