529 Plan Share Class Initiative
-
CFI Sourced for Expertise on FINRA’s 529 Plan Initiative
- March 25, 2019
- Posted by: giawatkins
- Categories: FINRA, SEC
No Comments
Slammed by Fines, Distributors Move to Fewer Share Classes, Simpler Sales Terms Article published on March 25, 2019 By Jill Gregorie Mounting regulatory pressure will push funds to slim down the number of share classes they make available, consultants say. Earlier this month, the Securities and Exchange Commission announced settlements with 79 advisory arms of broker-dealers
-
Client Regulatory Alert: FINRA Extends Self-Reporting Deadline to April 30 for 529 Plan Share Class Initiative
- March 6, 2019
- Posted by: GA
- Category: FINRA
FINRA announced today, in connection with the agency’s 529 Plan Share Class Initiative (529 Initiative), that it has extended the deadline by which broker-dealers are required to self-report supervisory violations, and to provide FINRA with a plan to remediate harmed customers. In response, FINRA’s Department of Enforcement will recommend that FINRA accept a settlement that includes restitution for
