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SEC Zeroes in on Mutual Fund, Money Fund Share Class Selection
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The U.S. Securities and Exchange Commission issued a new risk alert from the Division of Examinations.
Partner Greg DiMeglio, co-chair of the firm’s securities and regulatory enforcement practice, shared his perspective on the alert and the SEC’s broader focus on conflicts of interest disclosure in Ignites, noting that the level of risk associated with such a disclosure deficiency will depend, in large part, on materiality.