SEC, Commonwealth Reach Settlement in Share Class Lawsuit
Yahoo Finance·2026-02-05 03:54

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. The Securities and Exchange Commission has reached a settlement with Commonwealth Financial Network, leading to the conclusion of a legal battle that started in 2019, when the agency charged the Massachusetts-based independent broker/dealer for failing to disclose conflicts of interest when recommending certain mutual fund share classes for clients. That resulted in a $93 million penalty.  ...