$125k penalty against adviser over mutual fund share class allocations

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 12b-1 fees that Cascade and its IARs received during the Relevant Period, plus interest

To read this article, you need to sign in.

You should only be asked to sign in once. Not the case? Click here

New to Regulatory Compliance Watch?

Register now to read this article and more for free.