What is CMFI? We are a shareholder advocacy organization dedicated to promoting the interests, needs, and concerns of individual mutual fund investors. Learn more
On November 19, 2010, the Coalition of Mutual Fund Investors (“CMFI”) submitted a comment letter to the Securities and Exchange Commission (“SEC”), regarding its proposal to restructure Rule 12b-1 and the fees charged to mutual fund investors for sales, distribution, and related activities.
You can click on the following link to read this CMFI comment letter: http://www.investorscoalition.com/CMFI_Letter_to_Elizabeth_Murphy.pdf
CMFI advocates that the SEC broaden its proposed framework for Rule 12b-1 to evaluate, in a more comprehensive manner, both broker-dealer compensation issues and the lack of transparency within third-party omnibus accounts. CMFI also comments on a number of technical and operational issues regarding the SEC’s proposal, at least as currently drafted.
Thank you for your interest in CMFI.