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How 12(b)-1 Fees and Revenue Sharing May Be the Real Victims of 'Narrow' Supreme Court Ruling
RIABiz 
May 20, 2015
"Amid all the talk of creating a more transparent, client-first financial world, there are two sacred cows: 401(k) kickbacks, known as revenue sharing, and 12(b)-1 fees, known as a way to avoid upfront commissions by stowing the fees out of sight. Even the [DOL] and SEC walk on eggshells around these institutions that pay so much industry freight. The Supreme Court may not have gotten the memo to tread lightly.... [It] seems clear that fiduciary advisors will have a harder time stuffing client portfolios with mutual funds that are overstuffed with fees so that the 'sharing' can begin in a back room." [Tibble v. Edison Int'l, No. 13-550 (U.S. May 18, 2015)]
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