March 13, 2018

Fred Reish Quoted in on Undisclosed 12b-1 Fees

Los Angeles partner Fred Reish was quoted in a article titled “Undisclosed 12b-1 Fees: DOL Versus SEC.” The article features commentary from Fred’s blog, on undisclosed 12b-1 fees.

Fred notes that an investment adviser may only receive his or her stated fee, and that fiduciary rule prohibits the receipt of additional 126-1 fees for discretionary investment management, regardless of disclosures. He states that the fiduciary rule is more demanding than the SEC rules for discretionary investment management. Fred also discusses non-discretionary investment advice.

Read “Undisclosed 12b-1 Fees: DOL Versus SEC”.

Read “Interesting Angles on the DOL’s Fiduciary Rule #82 – Undisclosed (and Disclosed) 12b-1 Fees: The Different Views of the SEC and DOL”.

Read “Interesting Angles on the DOL’s Fiduciary Rule #83 – Part 2 of Undisclosed (and Disclosed) 12b-1 Fees”.

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