June 11, 2018

Jim Lundy Discusses SCSD Initiative for ThinkAdvisor

Chicago partner Jim Lundy was quoted in a ThinkAdvisor piece entitled “SEC 12b-1 Fee Self-Reporting Deadline Hits Tuesday.”

The deadline for participation in the SEC’s Share Class Selection Disclosure (SCSD) Initiative was midnight on June 12. Jim discussed the possibility of self-reporting under the SCSD Initiative, which would then allow for favorable settlement terms with the agency. The SCSD Initiative addresses the purchase of shares with 12b-1 fees on behalf of a client when a lower-cost share class of the same mutual fund was available.

Jim observed that “[t]his area will remain a priority for enforcement and exam staff,” likely over “the next year or two.”

Read “SEC 12b-1 Fee Self-Reporting Deadline Hits Tuesday.”

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