Voya Settles With SEC for $23M on Charges of Misleading Advice
The advice concerned mutual funds, illiquid alternative investments and cash sweep vehicles.
Tag: 12b-1 fees
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 investigated.