12b-1 Fees

Now that you have four months to decide whether to take advantage of the SEC’s offer to self-report share class violations, don’t dally (IA Watch, ...

This is the 3-page questionnaire released in February 2018 by the SEC for its new Share Class Selection Disclosure Initiative. This must be filed with ...

SunTrust Investment Services knew it was just a matter of time before an SEC enforcement penalty would be handed down. In mid-2015, during a compliance ...

STIS did not adequately inform its advisory clients of the conflicts of interest presented by its IARs’ share class selections and the receipt by STIS ...

Envoy failed to adequately disclose in its Forms ADV or otherwise the conflict of interest presented by its recommendation of mutual fund share classes that ...

As part of its stepped-up scrutiny of high-risk brokers, FINRA is preparing new guidance on what firms should be doing to exercise heightened supervision of ...

Cadaret invested advisory clients in mutual fund share classes with 12b-1 fees instead of lower-fee share classes of the same funds that were available without ...

Despite having multiple policies dating back to 2008, Bank Leumi’s progress in following the policies and exiting their U.S. cross-border securities business was too slow ...

An enforcement action brought Aug. 2 against a Eugene, Oregon-based investment adviser has further driven home the SEC’s focus on share class issues. Placing a ...

If your firm receives revenue from the sale of mutual funds, be sure you have compliance P&Ps designed to avoid placing clients in a more ...