Understanding Plan Fees, With Help from NAGDCA
A recently published fee guide can help plan sponsors navigate different recordkeeping, advisory and asset management options.
Tag: 12b-1 fees
Voya Settles With SEC for $23M on Charges of Misleading Advice
The advice concerned mutual funds, illiquid alternative investments and cash sweep vehicles.
SEC Charges Cetera with Defrauding Advisory Clients
The Commission says the broker/dealer charged clients 12b-1 fees when they qualified for lower-cost shares.
Share Class Disclosure Failures Lead to SEC Settlements
According to the SEC, two firms will collectively pay more than $1.8 million for violations related to share class disclosure failures.
After Grace Period, SEC Share Class Disclosure Investigations Begin
Attorneys warn the “other shoe has dropped” in the SEC’s special Share Class Disclosure Initiative—and RIAs that did not self-report potential 12b-1 fee disclosure violations are now being...
SEC Issues FAQs About Share Class Selection Disclosure Initiative
If an adviser reduced their fee due to the receipt of 12b-1 fees, the SEC might not ask for any disgorgement; for instance, the SEC says, if an...
Self-Reporting to SEC of 12b-1 Conflicts of Interest Not Without Risk
Offering some preliminary commentary on the SEC’s newly announced adviser 12b-1 fee conflict of interest “amnesty” program, as it’s being referred to in the trade media, Wagner Law...