Task Force Issues Report on Breakpoint Discounts

Hume, Lynn
July 2003
Bond Buyer;7/23/2003, Vol. 345 Issue 31683, p36
Trade Publication
Reports that a task force consisting of members of the U.S. National Association of Securities Dealers and industry officials issued a report recommending that mutual fund companies, broker-dealers and regulators take steps to ensure investors receive breakpoint discounts, when they are eligible for them. Description of breakpoint discounts; Intensification of scrutiny of mutual fund fees and sales practice by chairman of the House Financial Services Committee Michael Oxley; Need for the mutual fund industry to create a comprehensive database of pricing methods and breakpoint schedules used to determine when breakpoints have been reached.


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