Here’s a shocker: mutual-fund industry does not like the idea of curtailing high and often-hidden sales fees (“loads”) and other arcane fee grabs (“12b-1”).

FUND TRACK: Fund Industry Objects to Limits on Certain Fees - WSJ.com 

Fund Industry Objects to Limits on Certain Feeshttp://online.wsj.comThe mutual-fund industry has come out firmly against securities regulators’ efforts to change and cap certain fees now charged to some fund investors.