The Securities and Exchange Commission is continuing to penalize broker-dealers and related registered investment advisers over a lack of full disclosure about conflicts related to fund sales. Last week it reached a settlement with MML Investors Services for $2.1 million ...

A $10.3 million settlement last week with units of Kestra Financial shows the Securities and Exchange Commission will continue to crack down on inadequate disclosure of mutual fund fees despite a change in leadership this year, experts said. The SEC ...

Crown Capital Securities, a midsize broker-dealer with 350 financial advisers, last month settled with the Securities and Exchange Commission due to sales of high-fee mutual funds, agreeing to pay a $1.58 million penalty. InvestmentNews in June reported about Crown Capital’s ...