SECP urges MUFAP to curb misspelling

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.