Disclosure

In September 2019, after being contacted by Commission staff, Cascade began rebating 12b-1 fees to clients going forward. Cascade has also reimbursed to clients all ...

In 2014, an internal compliance report raised concerns that the incentive compensation structure was significantly affecting WMAs’ behavior, causing them to focus on recommending managed ...

As an investment adviser, Kestra PWS was obligated to disclose all material facts to its advisory clients, including any conflicts of interest between itself or ...

To meet this fiduciary obligation, Kestra AS was required to provide its advisory clients with full and fair disclosure that was sufficiently specific so that ...

Financial services giants backing software company

St. Germain Securities received over $1.4 million in cash sweep revenue payments related to client cash balances. This revenue sharing was at least as much ...

Activist groups gunning for board member

The line around CCO liability often is drawn by whether a compliance officer participated in an alleged fraud. In a new civil lawsuit filed in ...

Online B-D's troubles may just be beginning

Adviser 'surprised and disappointed,' lawyer says