Securities Regulation Daily Wrap Up, INVESTMENT ADVISERS—Adviser to pay $1.2M for failing to disclose 12b-1 fee conflicts, (Jan 12, 2022)

By Rodney F. Tonkovic, J.D.

The adviser failed to self-report or otherwise adequately disclose its parent company's receipt of 12b-1 fees under the Share Class Selection Disclosure Initiative.

An investment adviser has settled SEC charges of breach of fiduciary duty arising from its selection of investments that provided it with compensation. The Com ...