Cryptocurrency Q&A
What is the 12b1 rule?
What is the 12b1 rule?
DaeguDivaDance
Sun Sep 01 2024
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5 answers
908
Could you please elaborate on the 12b1 rule in the world of finance and investing? I understand it's somehow related to mutual fund fees, but I'm not entirely clear on how it works or what specific purpose it serves. Could you break it down for me in a way that's easy to understand, perhaps highlighting some key points or examples?
5 answers
Stefano
Tue Sep 03 2024
The Securities and Exchange Commission (SEC) implemented Rule 12b-1 in 1980, under the framework of the Investment Company Act of 1940. This regulation was designed to provide flexibility to investment funds in compensating intermediaries for their services.
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CryptoLordess
Tue Sep 03 2024
Rule 12b-1 authorizes funds to use their assets to remunerate brokers and other financial intermediaries. The compensation is in recognition of the services these intermediaries provide to shareholders related to the distribution of fund shares.
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CryptoGuru
Mon Sep 02 2024
This arrangement benefits both fund managers and investors. Fund managers gain access to a wider distribution network, while investors receive access to a diverse range of investment options through these intermediaries.
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DigitalLegend
Mon Sep 02 2024
BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the evolving needs of the digital asset market. These services include spot trading, futures trading, and wallet management, among others.
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EtherWhale
Mon Sep 02 2024
BTCC's spot trading platform enables users to buy and sell cryptocurrencies at current market prices, providing liquidity and convenience for traders. Its futures trading platform, on the other hand, offers users the opportunity to speculate on future price movements and hedge against risks.
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