IF YOU OWNED MUTUAL FUND SHARES
IN THE FRANKLIN FUNDS LISTED ABOVE DURING THE RELEVANT TIME PERIOD, YOUR RIGHTS MAY BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT PROCEEDS.
Although mutual funds disclose considerable information about their costs to investors, the amount of fees and expenses that each investor specifically pays on their mutual fund shares
are currently disclosed as percentages of fund assets, whereas most other financial services disclose the actual costs to the purchaser in dollar terms.
com), investors can set up online accounts with no minimum required, and use dollar-cost averaging to purchase stocks and mutual fund shares
This program - Sacks Equalization Model - would revolutionize the way that mutual fund shares
are calculated and would save shareholders billions of dollars a year," says Seymour Sacks, the inventor of the model.
If an investor acquires mutual fund shares
through a dividend reinvestment program, the original tax basis is the amount of the distribution used to buy the shares.
The report notes that the 1966 Act set aside as unnecessary proposed IRS regulations aimed at the exchange of appreciated securities for mutual fund shares
in a public offering.
The complaint alleges that the defendants illegally charged excessive front end sales charges to customers and clients who purchased Class A mutual fund shares
, by failing to apply the proper and available breakpoints to reduce the sales charges, and pocketed most of the overcharge.
Improper Sales of Class B and Class C Mutual Fund Shares
Commonly called a "load," a front-end sales charge is assessed on your purchase of mutual fund shares
The bill's main provision would give the SEC sole jurisdiction over registering sales of mutual fund shares
, removing state securities regulators, which will make selling mutual fund shares
easier and cheaper.
WASHINGTON -- FINRA announced today that it has settled cases against five firms for mutual fund sales and supervisory violations - including improper sales of Class B and Class C mutual fund shares
and failure to have supervisory systems designed to provide all eligible investors with the opportunity to purchase Class A mutual fund shares
at net asset value (NAV) through NAV transfer programs.
4 million for suitability and supervisory violations relating primarily to sales of Class B mutual fund shares
as well as some Class C mutual fund shares
Remember to adjust the basis of mutual fund shares
for reported income.
Instead, give away stocks or mutual fund shares
that have gained in value.
The notes are collateralized by HMFFT 2004-1's participation rights to receive certain asset-based sales charges (ABSC or 12b-1 fees), contingent deferred sales charges (CDSC), and shareholder servicing fees (SSF) for the distribution and servicing of class B mutual fund shares
sold to investors.