In response to a request for interpretative guidance, the U.S. Securities and Exchange Commission staff (staff) advised on January 11, 2017 that Section 22(d) of the Investment Company Act of 1940 does not prevent a broker...more
2/2/2017
/ Broker-Dealer ,
Brokers ,
Clean Shares ,
Department of Labor (DOL) ,
Fiduciary Rule ,
Financial Industry Regulatory Authority (FINRA) ,
Interpretive Opinions ,
Investment Company Act of 1940 ,
Mutual Funds ,
Safe Harbors ,
Securities and Exchange Commission (SEC)
The Financial Industry Regulatory Authority is once again taking a close look at member firm mutual fund sales practices and sales charge waivers (Mutual Fund Waiver Sweep) in the U.S. FINRA’s target exam letter seeks...more