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Fiduciary Duty Goes Well Beyond Share Class Selection

by | Aug 22, 2019 | 12b-1 Fees, Conflicts of Interest, Fiduciary Duty, Improper Share Class Selection, Investment Adviser Representative, Investment Advisers Act, Office of Compliance Inspections and Examinations (OCIE), RIA Compliance, RIA Compliance Policies, SEC Investment Adviser Compliance, SEC Rules, Share Class Selection, State Investment Adviser Compliance

Investment advisers may have noticed the SEC’s recent Share Class Selection Disclosure Initiative and thought they had nothing to learn from the 79 enforcement actions. The reality is that even investment advisers who are not affiliated with a broker-dealer can...