American Funds
From Wikipedia, the free encyclopedia
American Funds is a family of 29 mutual funds with a wide range of investment objectives and a unique approach to investment management. Their funds are sold through financial advisers.
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However, the company is defending itself vigorously. This is due to the fact that such "revenue-sharing" arrangements are not technically illegal. Instead, the actions by regulators represent a new, controversial enforcement practice referred to by critics as "legislation by enforcement".