What is the fine-grained topic of the following text: If an adviser reduced their fee due to the receipt of 12b-1 fees, the SEC might not ask for any disgorgement; for instance, the SEC says, if an adviser regularly charges an annual management fee of 1.25% of assets but lowered that to 1% in light of the 12b-1 fees, the SEC says it is unlikely to ask for any disgorgement. Only return the topic.
SEC's perspective on fee reductions and disgorgement due to 12b-1 fees