Berthel Fisher latest to face penalty over fund charges
The SEC has been cracking down on disclosures surrounding payments by funds to broker-dealers and RIAs. The agency launched an initiative in February 2018 to target advisory firms that recommended high-fee mutual funds.
Berthel Fisher & Co. Financial Services Inc. is the latest firm to be penalized by the Securities and Exchange Commission over a lack of full disclosure about conflicts related to fund sales, with the firm reaching a settlement with the commission to pay a penalty of $389,000, including disgorge
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