On November 5, 2010, CFP Board submitted a comment letter in response to the SEC’s comment period on proposed changes to mutual fund distribution fees.
In its comment letter on the SEC’s mutual fund distribution fees proposal, CFP Board expressed its support for the SEC’s decision not to eliminate any mutual fund share class structures. Investors should have the ability to obtain investment advice and purchase securities in different ways, whether by paying an explicit investment advisory fee, by paying for advice as part of the sales charges for a mutual fund or other security, or by choosing mutual funds from a supermarket or other platform. CFP Board believes it is necessary to allow for investor choice, and that the SEC’s proposal is a reasonable approach to providing choices among mutual funds.
Read CFP Board’s letter (PDF, 110KB)
← Back to Regulatory Comments
CFP Board, the Financial Planning Association®, and the National Association of Personal Financial Advisors are working together as the Financial Planning Coalition to pursue consumer protection and industry reform.
© 2012 Certified Financial Planner Board of Standards, Inc. All Rights Reserved.
1425 K Street NW #800, Washington, DC 20005
phone: 800-487-1497 (Toll-Free) / 202-379-2200 | fax: 202-379-2299 | firstname.lastname@example.org
We welcome your feedback and invite you to complete a brief 5-question survey to help us improve your experience on CFP.net.
It's easy to participate and will take less than 2 minutes:
Click the "Yes" button below to continue your visit on CFP.net as intended. When finished, simply retrieve and complete the questionnaire that will appear in a new browser window.
Quick Links Find a CFP® Professional Verify Certification Get Certified Create an Account | Log In Apply for the CFP® Exam Center for Financial Planning Career Center Find CE Programs Brochures & Publications LetsMakeaPlan.org