Key Regulatory Issues

The Securities and Exchange Commission recently voted to propose regulatory changes that would substantially alter mutual fund marketing and sales fees. The proposal recommends replacing the current 12b-1 fee structure with one that would permit funds to assess distinct ongoing sales charges as well as marketing and service fees.

With millions of homeowners across the nation facing the crisis in subprime mortgages, many with defined contribution retirement plans – including public sector employees – may be tempted to tap into them for loans and ready cash. But any early withdrawals from retirement savings accounts should only be considered a last resort.

Congress returns this month to face a shortened year due to the Presidential elections. In response to those pressures, it is expected to move quickly on broad and populist issues such as an economic stimulus package.