Peirce and Uyeda Dissent on Best Ex Violations
SEC Commissioners Peirce and Uyeda dissent on best execution violations in share class selection disclosure enforcement action.
March 09, 2023
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Adviser Wins Jury Trial on Share Class Disclosure Charges
In a rare defeat for the SEC, an adviser won a jury trial involving share class disclosures.
November 11, 2022
Recent SEC Share Class Case Focuses on Wrap Fee Program
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July 29, 2022
SEC Brings Share Class Selection Enforcement Action Involving Wrap Fee Accounts
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May 13, 2022
SEC Fines Adviser for Breach of Fiduciary Duty
The SEC has settled charges against a registered investment adviser for breach of fiduciary duty to clients for failures regarding conflicts disclosure, best execution, and duty of care.
March 07, 2022
The SEC is suing a Missouri adviser for allegedly investing client assets in expensive mutual fund share classes to avoid paying transaction fees.
October 06, 2021
New SEC Share Class Disclosure Cases Involve Wrap Fee Programs, Expense-Sharing Agreement
New SEC Share Class Disclosure Cases Involve Wrap Fee Programs, Expense-Sharing Agreement Two Advisers Agree to Pay Over $3 Million to Settle Charges September 3, 2021 The SEC has...
September 03, 2021
SEC Adds Lack of Disclosure of Margin Interest Mark-Ups to Share Class-Related Violations
SEC Adds Lack of Disclosure of Margin Interest Mark-Ups to Share Class-Related Violations August 4, 2021 In another case that underscores the SEC’s harsher findings and penalties for share...
August 04, 2021