Reasons To Fire Your Mutual Fund Company: 12b-1 Fees
Sunday, June 7th, 2009Mark Brandon asked: The 12b-1 fee is the obscurely-named outrage that dings investors in mutual funds so that management can market the fund. In 1980, the mutual fund industry successfully lobbied the SEC to allow this fee with the justification that a larger fund lowers the expenses for everybody. In ...