Administrative Proceedings

Respondent did not disclose adequately to its clients either in its Forms ADV or otherwise its and its associated persons’ conflicts of interest related to ...

As an investment adviser, Respondent was obligated to disclose all material facts to its clients, including any conflicts of interest between itself and/or its associated ...

Mutual funds typically offer investors different types of shares or “share classes.” Each share class represents an interest in the same portfolio of securities with ...

Many mutual funds also offer share classes that do not charge 12b-1 fees (e.g., “Institutional Class” or “Class I” shares (collectively, “Class I shares”)).3 An ...

Respondent failed to disclose in its Form ADV or otherwise the conflicts of interest related to (a) its receipt of 12b-1 fees, and/or (b) its ...

These proceedings arise out of breaches of fiduciary duty and inadequate disclosures by registered investment adviser CUSO Financial Services, L.P. in connection with its mutual ...

These proceedings arise out of breaches of fiduciary duty and inadequate disclosures by registered investment adviser AXA Advisors, LLC in connection with its mutual fund ...

These proceedings arise out of breaches of fiduciary duty and inadequate disclosures by registered investment adviser Woodbury Financial Services, Inc. in connection with its mutual ...

Respondent and its affiliated broker received 12b-1 fees in connection with these investments. Respondent failed to disclose in its Form ADV or otherwise the conflicts ...

Respondent NBC Securities, Inc., incorporated in Alabama and headquartered in Birmingham, Alabama, has been dually registered with the Commission as an investment adviser and broker-dealer ...