FYI: Advisors hoping that the Securities and Exchange Commission’s Share Class Selection Disclosure (SCSD) Initiative marked the end of regulators’ diligent trolling of their fee and revenue arrangements may be in for a shock.
The SEC is hailing the initiative as a success. After all, it successfully collected $125 million from 80 registered investment advisors that self-reported 12(b)1 fees, which mutual funds pay to advisors to incent mutual fund marketing.
Regards,
Ted
https://www.fa-mag.com/news/sec-s-next-top-target--advisor-revenue-sharing-51543.html?print
