MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, August 16, 2010 Critics to SEC: What about Revenue Sharing? Some fund industry observers are calling out the SEC for not addressing revenue-sharing agreements in its planned overhaul of fund-fee structures. Today's Wall Street Journal Fund Track includes comments from Barry Barbash, a lawyer at Willkie Farr & Gallagher who was head of the SEC's investment-management division for five years in the 1990s, and Andy Rachleff, CEO of kaChing, a website that matches investors with fund managers. The SEC, for its part, acknowledges its shortfalls in stemming potential revenue-sharing agreements. SEC spokesman John Heine was quoted saying that the "footnote should be viewed as a placekeeper in which the commission and the staff acknowledge that 12b-1 issues are tied in with revenue-sharing practices and that the commission will have to address revenue sharing at a later time." Printed from: MFWire.com/story.asp?s=33144 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |