Tag: 12b-1 fees

The question of whether and how to disclose the payment of 12b-1 and similar fees in connection with the acquisition of mutual fund shares has been at the center of a number of Commission actions. It was the central question …

Failure to Disclose Conflicts Draws Sanctions for Adviser Read More »

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The Share Class Selection Disclosure Initiative, launched in 2018, has become one of the Enforcement Division’s most successful, recent cooperation initiatives. The Initiative focused on the conflict that arises from undisclosed fees paid when investment advisers recommend mutual funds shares …

SEC Enforcement Concludes Successful Cooperation Initiative Read More »

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