Tag: share classes

Salesforce Defeats ERISA Excessive Fee Litigation

A district court in California has proven to be skeptical of claims suggesting that active management funds are categorically imprudent retirement plan investments; the ruling also defends the use of revenue sharing. 

MSSB Share Class Calculator Errors Led to SEC Settlement

According to the SEC, Morgan Stanley Smith Barney’s share class calculator had two operating errors that caused it not to provide the most beneficial share class to eligible customers; the firm was also accused of not consistently providing this benefit to certain eligible clients.