Hearings, Reports and Prints of the Senate Committee on Banking and CurrencyU.S. Government Printing Office, 1967 - Banking law |
From inside the book
Results 1-5 of 100
Page 5
... reasonable " and by making this stand- ard enforceable in the courts to the extent necessary for effective im- plementation ; 2. By providing a maximum on sales charges of 5 percent to pur- chasers of mutual fund shares , but giving ...
... reasonable " and by making this stand- ard enforceable in the courts to the extent necessary for effective im- plementation ; 2. By providing a maximum on sales charges of 5 percent to pur- chasers of mutual fund shares , but giving ...
Page 18
... reasonably be asked why the Congress did not apply the same rule to the much more important area - in terms of dollars ... reasonable as the growth of the corporation causes that compensation to rise to excessive levels through continued ...
... reasonably be asked why the Congress did not apply the same rule to the much more important area - in terms of dollars ... reasonable as the growth of the corporation causes that compensation to rise to excessive levels through continued ...
Page 20
... reasonable or unreasonable . Shareholder voting has not operated as an effective control upon management fees . Even if the shareholders had an effective method of making a choice , there is usually no real choice presented to them ...
... reasonable or unreasonable . Shareholder voting has not operated as an effective control upon management fees . Even if the shareholders had an effective method of making a choice , there is usually no real choice presented to them ...
Page 26
... reasonable . " By contrast , the Investment Company Act does not authorize the Commission or any self - regulatory organization to see to it that mutual fund sales charges are " reasonable . " Sections 22 ( b ) and 22 ( c ) of the ...
... reasonable . " By contrast , the Investment Company Act does not authorize the Commission or any self - regulatory organization to see to it that mutual fund sales charges are " reasonable . " Sections 22 ( b ) and 22 ( c ) of the ...
Page 59
... reasonable than one , perhaps , of more than one - tenth of 1 percent , where the fellow charging one - tenth of 1 ... reasonably . That is the long and short of it . Senator PROXMIRE . Let me ask a final brief question . One of the ...
... reasonable than one , perhaps , of more than one - tenth of 1 percent , where the fellow charging one - tenth of 1 ... reasonably . That is the long and short of it . Senator PROXMIRE . Let me ask a final brief question . One of the ...
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advisory fees amendment amount average banks broker-dealers brokerage capital gains Chairman COHEN Commission's committee common stock compensation competition Congress contractual plan corporate costs court dealers distribution dividends economic effect equity Exchange Commission fact fee rates fiduciary firms front-end load Fund Plan Sponsors fund sales fund's gross growth holders income investment adviser Investment Company Act Investment Company Institute legislation load funds management fees Massachusetts Investors Trust ment million mutual fund industry mutual fund investors Mutual Fund Plan mutual fund shares NASD net asset value paid payments percent performance period persons planholders portfolio president profits proposal purchase question reasonable reduced reinvestment sales charges sales load salesmen sample Section 22(d securities business selling Senator BENNETT Senator MCINTYRE Senator PROXMIRE Senator WILLIAMS statement Stock Exchange substantial survey tion transactions unaffiliated directors voluntary plan Wellington Fund York Stock Exchange