ARTICLE
16 August 2016

SEC Office Of Investor Education And Advocacy Reviews Mutual Fund Classes

CW
Cadwalader, Wickersham & Taft LLP

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
The SEC outlined common types of mutual fund classes and emphasized investor consideration of financial position, time horizon and sales charges when choosing a mutual fund class.
United States Corporate/Commercial Law

The SEC Office of Investor Education and Advocacy outlined common types of mutual fund classes and emphasized investor consideration of financial position, time horizon and sales charges when choosing a mutual fund class.

Commentary / Steven Lofchie

Firms should consider reviewing this SEC Bulletin with their retail sales personnel. For firms that discover that their retail sales personnel are selling classes of shares that might not be appropriate, more training may be necessary regarding client suitability profiles.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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