The SEC’s Division of Investment Management issued a no-action letter on January 11, 2017 explicitly permitting brokers to set their own commission rates for sales of so-called “clean shares” of mutual funds. Previously, as...more
1/24/2017
/ Brokers ,
Department of Labor (DOL) ,
Division of Investment Management ,
Fiduciary Rule ,
Financial Institutions ,
Financial Markets ,
Investment Company Act of 1940 ,
Mutual Funds ,
No-Action Letters ,
Offerings ,
Sales Commissions ,
Securities and Exchange Commission (SEC)
The SEC’s Division of Investment Management released a Guidance Update on December 19, 2016, addressing certain procedural issues that have arisen in connection with the so-called “Fiduciary Rules” adopted by the U.S....more
12/28/2016
/ Compensation & Benefits ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Fiduciary Rule ,
Individual Retirement Account (IRA) ,
Investment Management ,
Mutual Funds ,
Retirement Plan ,
Securities and Exchange Commission (SEC)