Insights

Bloomberg BNA: More SEC Cases Over High Investor Fees Expected, Official Says

The SEC likely will bring more enforcement actions against investment firms that pushed mutual funds with higher fees on clients who had cheaper options, a senior agency official said. The Securities and Exchange Commission’s Share Class Selection Disclosure Initiative has been “phenomenally successful” since it launched in 2018, Steven Peikin, a co-director of the agency’s Enforcement Division, said June 25.

Morning Consult: Choose Investors Over Special Interests

Opinion by Paul Atkins

Just as Washington is becoming more investor-friendly, some politicians are going back to fighting in favor of well-connected special interests over Mr. and Mrs. 401(k). The latest example: A policy rider (let's call it what it is - an earmark) attached to an appropriations bill that would prevent a long-overdue effort to save retirees and investors more than $300 million a year by modernizing how mutual fund reports are delivered to shareholders.

WSJ Opinion: Tort Lawyers Target Mutual Funds

Paul Atkins writes in an opinion piece in the Wall Street Journal that the last thing investors need is every fee being litigated in court.