The regulator will scrutinize the selling of L share mutual funds, which are used in annuities and have substantial upfront sales fees, says Kevin Goodman, who heads the broker-dealer examination program for the SEC.
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The Securities and Exchange Commission is likely to focus its exams next year on brokers with a history of regulatory problems and on the selling of mutual funds with high fees. So reports Reuters.
The regulator will scrutinize the selling of L share mutual funds, which are used in annuities and have substantial upfront sales fees, says Kevin Goodman, who heads the broker-dealer examination program for the SEC.