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Would You Self-Report Fee Violations to the SEC?

February 20, 2018

The SEC is extending an amnesty to financial advisors who self-report fee violations before June 12 and return funds to harmed investors. The watchdog won’t recommend financial penalties for advisors who self-report receipt of 12b-1 fees in recommending mutual fund share classes when lower-priced share classes of the same mutual fund were available. If you had fee violations, would you self-report them to the regulator?