The SEC is proposing changes that would replace Rule 12b-1 fees

The Securities and Exchange Commission  is proposing changes that would replace Rule 12b-1 fees that allow mutual funds to use their assets to compensate securities professionals who sell shares of the fund. What are your thoughts on this topic? Should this ending result in the brokerage industry setting up a fee for service schedule at same time they eliminate the 12b-1 that can be included in the. mutual fund prospectus?
Exactly what do you feel this fee provides to the client? Is this how reps "pay" for ongoing servicing of the client's accounts? Or should the fee be replaced with a managment fee where client's would have to hire advisors to obtain advice on thier funds?

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