Mutual Funds

Many mutual funds also offer share classes that do not charge 12b-1 fees (e.g., “Institutional Class” or “Class I” shares (collectively, “Class I shares”)).3 An ...

Mutual funds typically offer investors different types of shares or “share classes.” Each share class represents an interest in the same portfolio of securities with ...

These proceedings arise out of breaches of fiduciary duty and inadequate disclosures by registered investment adviser Raymond Lawrence Lent (dba The Putney Financial Group, Registered ...

Many mutual funds also offer share classes that do not charge 12b-1 fees (e.g., “Institutional Class” or “Class I” shares (collectively, “Class I shares”)).3 An ...

Respondent was required to give its clients sufficient information so that they could understand the conflicts of interest of the Respondent concerning its advice about ...

These proceedings arise out of breaches of fiduciary duty and inadequate disclosures by registered investment adviser D.A. Davidson & Co. in connection with its mutual ...

Respondent advised clients to purchase or hold4 mutual fund share classes that charged 12b-1 fees when lower-cost share classes of those same funds were available ...

some mutual fund share classes charge 12b-1 fees to cover fund distribution and sometimes shareholder service expenses. These recurring fees, which are included in a ...

These proceedings arise out of breaches of fiduciary duty and inadequate disclosures by registered investment adviser Spire Wealth Management, LLC in connection with its mutual ...

Respondent self-reported to the Commission the violations discussed in this Order pursuant to the Division of Enforcement’s (the “Division”) Share Class Selection Disclosure Initiative (“SCSD ...