{"id":6875,"date":"2019-03-19T13:18:39","date_gmt":"2019-03-19T18:18:39","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6875"},"modified":"2020-09-24T09:13:13","modified_gmt":"2020-09-24T14:13:13","slug":"79-investment-advisers-to-give-over-125m-back-to-mutual-fund-investors","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/79-investment-advisers-to-give-over-125m-back-to-mutual-fund-investors\/","title":{"rendered":"79 Investment Advisers To Give Over $125M Back to Mutual Fund Investors"},"content":{"rendered":"<p>79 investment advisors have settled charges brought by the <a href=\"https:\/\/www.sec.gov\" target=\"_blank\" rel=\"noopener noreferrer\">US Securities and Exchange Commission (SEC) <\/a>accusing them of not properly disclosing conflicts of interests involving the sale of costlier mutual fund share classes that caused them to earn more fees.<\/p>\n<p>The regulator\u2019s action is related to its <a href=\"https:\/\/www.sec.gov\/enforce\/announcement\/scsd-initiative\" target=\"_blank\" rel=\"noopener noreferrer\">Share Class Section Disclosure Initiative<\/a>. Announced by the SEC\u2019s Division of Enforcement early last year, the initiative gives firms the chance to report disclosure failures that violate the Advisors Act, while offering them more \u201cfavorable settlement terms\u201d in return.<\/p>\n<h2>Which Investment Advisors Are Involved in This Case?<\/h2>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/79-investment-advisers-to-give-over-125m-back-to-mutual-fund-investors\/\"  title=\"Continue Reading 79 Investment Advisers To Give Over $125M Back to Mutual Fund Investors\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>79 investment advisors have settled charges brought by the US Securities and Exchange Commission (SEC) accusing them of not properly disclosing conflicts of interests involving the sale of costlier mutual fund share classes that caused them to earn more fees. The regulator\u2019s action is related to its Share Class Section Disclosure Initiative. Announced by the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3781,3799,3760,3761],"tags":[3326,3327,3328,2952,3067,3329,3330,3078,2712,3331,3332,3333,2713,3334,3335,3336],"class_list":["post-6875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-advisers","category-mutual-funds","category-sec-enforcement","category-securities-and-exchange-commis","tag-americas-investment","tag-axa-advisors","tag-bok-financial-securities","tag-deutsche-bank-securities","tag-lpl-financial","tag-next-financial-group","tag-nicolaus-co-rbc-capital-markets","tag-oppenheimer-co","tag-popular-securities","tag-questar-asset-management","tag-raymond-james-financial-services-advisors","tag-robert-w-baird-co","tag-santander-securities","tag-stifel","tag-wells-fargo-advisors-financial-network","tag-woodbury-financial-services"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mutual Fund Investors To Get Over $125M From Advisors | SSEK Law<\/title>\n<meta name=\"description\" content=\"Over 79 investment advisors including LPL Financial are to pay over $125M back to mutual fund investors over conflicts of interests.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/79-investment-advisers-to-give-over-125m-back-to-mutual-fund-investors\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Mutual Fund Investors To Get Over $125M From Advisors | SSEK Law\" \/>\n<meta name=\"twitter:description\" content=\"Over 79 investment advisors including LPL Financial are to pay over $125M back to mutual fund investors over conflicts of interests.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/registration_violation-bg.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mutual Fund Investors To Get Over $125M From Advisors | SSEK Law","description":"Over 79 investment advisors including LPL Financial are to pay over $125M back to mutual fund investors over conflicts of interests.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/79-investment-advisers-to-give-over-125m-back-to-mutual-fund-investors\/","twitter_card":"summary_large_image","twitter_title":"Mutual Fund Investors To Get Over $125M From Advisors | SSEK Law","twitter_description":"Over 79 investment advisors including LPL Financial are to pay over $125M back to mutual fund investors over conflicts of interests.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/registration_violation-bg.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/79-investment-advisers-to-give-over-125m-back-to-mutual-fund-investors\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/79-investment-advisers-to-give-over-125m-back-to-mutual-fund-investors\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"79 Investment Advisers To Give Over $125M Back to Mutual Fund Investors","datePublished":"2019-03-19T18:18:39+00:00","dateModified":"2020-09-24T14:13:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/79-investment-advisers-to-give-over-125m-back-to-mutual-fund-investors\/"},"wordCount":535,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/79-investment-advisers-to-give-over-125m-back-to-mutual-fund-investors\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/registration_violation-bg.jpg","keywords":["Americas Investment","AXA Advisors","BOK Financial Securities","Deutsche Bank Securities","LPL Financial","Next Financial Group","Nicolaus &amp; Co. 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