Fundsters pondering what 12b-1 reform might mean may want to take a look at two articles in the Wall Street Journal. In the Saturday "Intelligent Investor" column, Jason Zweig reports on some possible "unintended side effects" the SEC's proposal could have, and in this morning's "Fund Track" column Daisy Maxey wonders whether or not restricting 12b-1s will nudge more advisors to abandon smaller investors while accelerating the shift of others into fee-based accounts.

"I'm not sure all the economic consequences have been thought through yet by the SEC," Barry Barbash, a partner at Willkie Farr & Gallagher, told Zweig. (Barbash previously served as head of fund regulation at the SEC.)

For Zweig's piece, Furman University finance professor Thomas Smythe and Societe Generale banker Thomas Mann also both weigh in. And Maxey quotes Foundation Financial Advisors president John Bacci; and Barbara Roper, director of investor protection for the Consumer Federation of America. 

Edited by: Neil Anderson, Managing Editor


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