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SEC Outlines Priorities for Broker Exams

Thursday, Jul 24 2014
Regulatory & Compliance
Written by  PFA News

The Securities and Exchange Commission is likely to focus its exams next year on brokers with a history of regulatory problems and on the selling of mutual funds with high fees. So reports Reuters.

The regulator will scrutinize the selling of L share mutual funds, which are used in annuities and have substantial upfront sales fees, says Kevin Goodman, who heads the broker-dealer examination program for the SEC.

Read the full article from Reuters.

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