SECP urges MUFAP to curb mis­spelling

The Pak Banker - - NATIONAL -

ISLAMABAD: The Se­cu­ri­ties and Ex­change Com­mis­sion of Pak­istan (SECP) has urged the Mu­tual Funds As­so­ci­a­tion of Pak­istan (MUFAP) to en­sure that re­tail in­vestors are not charged any up­front com­mis­sion on in­vest­ments in mu­tual funds un­less these in­vestors have first been fully in­formed about this com­mis­sion. A state­ment is­sued by the SECP here Wed­nes­day said that in or­der to pro­tect small in­vestors, the SECP has al­ready re­duced the max­i­mum up­front com­mis­sion from 5 to 3 per­cent.

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