News | 11.06.19
Focus on Sale of Higher-Fee Mutual Funds Fuels 30-Year High for SEC Enforcement Actions
A crackdown targeting the sale of higher-fee mutual funds boosted enforcement results for the SEC this year, driving its annual fines to their highest total in more than 30 years. The SEC brought 526 enforcement actions in the past fiscal year, which ended September 30. The tally included 95 cases against investment advisors for inadequately disclosing their practice of selling more expensive funds to retail clients.
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