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News February 26, 2018 Issue

SEC Will Not Fine Advisers that Self-Report Share Class Violations by June 12

Itís a limited time offer. The SECís Division of Enforcement will not impose financial penalties against advisory firms that voluntarily report placing clients in certain share classes when less expensive share classes for the same investment are available. Advisers taking advantage of this offer will still have to pay disgorgement and prejudgment interest, be censured and face the possibility of individual liability.

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