In Revenue Sharing Case, SEC Highlights Failure to Consider Other Money Market Funds for Cash Sweeps
In yet another case involving cash sweep accounts, the SEC has fined a New York-based adviser in connection with failing to disclose revenue sharing and related conflicts of interest involving money market fund cash sweep accounts.
October 06, 2021
SEC Brings More Revenue Sharing Disclosure Cases
Revenue sharing disclosure violations are at the heart of two new enforcement actions by the SEC.
August 17, 2021
The SEC has fined a Massachusetts-based investment adviser for disclosure failures in connection with conflicts arising from a cash sweep-related revenue sharing arrangement.
July 20, 2021
Louisiana Adviser Pays $2.3 Million to Settle Share Class Selection, Revenue Sharing, Other Charges
The SEC has brought an enforcement action against a dually-registered investment adviser and broker-dealer in connection with placing clients in fund share classes between that resulted in the adviser and its IARs receiving 12b-1 fees when less expensive share classes were available.
October 05, 2020
The SEC has fined a Texas-based investment adviser regarding failures to disclose certain practices by the adviser in connection with teacher retirement plans and certain benefits received in connection with mutual fund share class selection practices.
August 11, 2020
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