Fidelity Infrastructure Fee, Wells Fargo Pension Rebates: Intermediaries Enjoy Fund Payments

Photographer: JB Reed/ Bloomberg News. photocredit: BLOOMBERG NEWS Last week the Wall Street Journal reported the Labor Department was investigating Fidelity Investments regarding fees Fidelity demands from mutual fund firms to distribute their shares on its FundsNetwork platform, including an additional recently crafted so-called “Infrastructure Fee.” Yesterday Bloomberg reported the Massachusetts Secretary of the Commonwealth said its securities...