It looks like the SEC has tabled 12b-1 fee reform for now, and Chuck Jaffe
isn't happy. On Sunday the MarketWatch
the regulatory agency for being "more worried about a few wealthy people being ripped off of big bucks [i.e. Madoff investors] than it is in seeing the masses sheared of a few pennies."
Jaffe also used the column to give investors an overview of how 12b-1 fees work and of the debate surrounding their reform.
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