The SEC will wrap up its analysis of distribution-related payments by the end of the year, according to a recent report by Reuters. In March 2013, the agency announced that it would conduct a sweep of payments to mutual fund distributors, with a focus on what the payments are used for. The analysis indicates that broker disclosure of these payments is insufficient and difficult to understand, according to the article. The article also notes the lack of industry-wide data on payments, but adds that the expense and effort to have funds distributed can be substantial. These issues and the “pay-to-play” nature of the payments could lead to an “overhaul.”