SEC Tackles Fund Fees

The Securities and Exchange Commission has the mutual fund industry in its sights -- again.

SEC Chairman Christopher Cox has been talking tough about fund governance and fees. Addressing the Mutual Fund Directors Forum, an organization for independent fund directors, earlier this month, Cox said the time has come for a thorough re-evaluation of so-called 12b-1 fees, which are used to cover marketing costs.

Read the full article on TheStreet.com here.