Fees and Expenses

Here’s a compliance strategy you may want to add to your arsenal: Ask your custodian for a list of phone numbers used by clients to ...

The total assets of the now 3,340 broker-dealers grew by $1.7 trillion over the past 14 years

It can pay to have checks and balances in place, but only if the check does the job thoroughly—especially if the monitor holds the title ...

"As chief compliance officer, [he] had 'overall responsibility for monitoring and testing compliance with the Firm’s policies and procedures'”

Hawkins falsely represented that tens of thousands of dollars of expenses paid for by the Portfolio Companies relating to her personal vacations were legitimate business ...

The wording of the expenses also left much to be desired

Even though the funds' governing documents specified how expenses would be allocated, managers did not adopt or implement any written P&Ps reasonably designed to prevent ...

'The biggest area of enforcement that we continue to see is around private jets'

A new enforcement action sends the message that any increase in fees constitutes a material change that needs to be disclosed

Colony Capital didn't properly disclose affiliate expenses, regulators claim