CFP (R) Investigation Defense

If you are a financial advisor who is a Certified Financial Planner ®, you should be careful when responding to a Notice of Investigation from the Certified Financial Planner Board of Standards, Inc. (the CFP Board). Sending you the Notice is the formal manner in which an investigation into your conduct is commenced by the […]

Time Running Out for SEC Share Class Disclosure Initiative “Amnesty”

The SEC staff has announced the Share Class Selection Disclosure Initiative, and are encouraging adviser firms to self-report certain violations of the Advisers act concerning receipt of 12b-1 fees by the firm, affiliates or its supervised persons, absent sufficient disclosure, when lower-cost funds were available. Wise firms are going to evaluate their business and determine whether they are eligible for this program, and whether it makes sense to self-report any issues.