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The weekly news source for investment management legal and compliance professionals

News September 23, 2019 Issue

Private Fund Investment Managers Subject to Share Class Violations

Mutual fund managers are not the only advisers subject to allegations that they placed clients in more expensive share classes when lower-priced share classes for the same investments were available. An adviser making private fund investments found this out the hard way earlier this month when it settled charges that it failed to disclose conflicts of interest related to its receipt of compensation in return for placing clients in alternative investments.

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