Mutual Fund Breakpoints
This page provides FINRA member firms information about Class A mutual fund breakpoints. View breakpoint information for investors.
Status Report: Implementation of Recommendations of Joint NASD/Industry Breakpoint Task Force
Report of the Joint NASD/Industry Task Force on Breakpoints
2/12/04 - News Release
Fifteen Firms to Pay Over $21.5 Million in Penalties to Settle SEC and NASD Breakpoints Charges
11/03/03 - News Release
SEC and NASD Announce Actions as a Result of Findings of "Breakpoint" Overcharges on Mutual Fund Transactions
7/22/03 - News Release
Joint NASD/Industry Breakpoint Task Force Issues Report
3/11/03 - News Release
SEC, NASD, NYSE Release Findings Of Breakpoint Examination Sweep; Broker-Dealers To Review Transactions
2/18/03 - News Release
NASD Announces Joint NASD/Industry Breakpoint Task Force
1/15/03 - News Release
NASD Alerts Investors to Problems in Mutual Fund Breakpoints
Mutual Fund Breakpoints: Are You Owed a Refund? (11/3/03)
Mutual Fund Breakpoints: A Break Worth Taking (1/14/03)
Understanding Mutual Fund Classes (1/14/03)
FINRA's Mutual Fund Expense Analyzer compares the expenses of different fund classes.
ICI strongly encourages its members to cooperate in breakpoint refund process.
NASD issues a Member Alert about facilitating refunds of missed breakpoint discounts.
Notice to Members 03-47: Refunds to Customers Who Did Not Receive Appropriate Breakpoint Discounts in Connection with the Purchase of Class A Shares of Front-End Load Mutual Funds and the Capital Treatment of Refund Liability (Notice posted on 8/25/03)
Notice to Members 02-85: NASD Requires Immediate Member Firm Action Regarding Mutual Fund Purchases and Breakpoint Schedules (Notice posted on 12/23/02)
Breakpoint Notification: Breakpoint Extensions for Notifying Customers Who Purchased Class A Share Mutual Funds Only Via Paper Applications Submitted to Mutual Funds
Task Force recommendations regarding common definitions for mutual funds to use in describing breakpoint discount rules
Task Force recommendations regarding confirmation content, including breakpoint legends and disclosing sales charges
Interest Refund Calculator helps member firms determine interest due on missed breakpoint discounts
Breakpoint Checklist and Worksheet helps members and associated persons gather the information necessary to deliver breakpoint discounts on sales of Class A shares of front-end load mutual funds
New Customer Notification Letters and Customer Breakpoint Claim Forms
Sample Written Disclosure Statement that should be given to customers who purchase mutual funds
Classroom Learning Course: Mutual Funds and Regulation
