A cap on 12b(1) fees is going to have one predictable result. Think carnival games.
What consumers need is not a cap, but some sunshine to disinfect mutual funds
Biz Briefs: SEC cracks down anew on RIA reverse churning ~ Envestnet borrows $350 million to buy its own stock ~ Fidelity is creating a crypto waiting list while exec questions crypto ecosystem
Fed up SEC is ready to take on all nonsense at once; stock shocks, Orwell's new name game; Fidelity hosts a line dance
November 18, 2022 at 2:56 AM
Could you publish your fund cost research so the free market can drive assets to funds that are the best stewards of the consumer’s investment capital? Perhaps you can award stewardship ratings and charge firms for an evaluation to fund your research. Creates a very constructive way to reward firms who do the right thing when no one is looking.
Our fee analysis can be found at https://www.kaching.com/site/mutual-fund-fees