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The weekly news source for investment management legal and compliance professionals

News September 11, 2017 Issue

Inadequate Disclosure of Fee Calculations May Lead to Fee Returns

Advisers writing fund offering materials and operative documents must take care when disclosing how they calculate fees and expenses. A wrong word or phrase writing "average" instead of "aggregate," for instance is all it might take for the SEC to state that a disclosure is inadequate and that clients must be refunded a great deal of money.

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