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The weekly news source for investment management legal and compliance professionals

News August 14, 2017 Issue

Revenue Sharing in Exchange for Investments May Be a Conflict

Perception counts. Consider a third-party broker-dealer offering an adviser compensation in exchange for investing client dollars in certain mutual funds available on the brokerís platform. The SEC is likely to perceive that compensation as a conflict of interest. Itís not so much whether the adviser follows through and makes those favored investments Ė itís that the financial incentive to make them exists.

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