Sentences with phrase «mutual fund share classes when»

The Securities and Exchange Commission recently charged Ameriprise with selling retirement - account customers high - cost mutual fund share classes when less - expensive share classes were available.

Ameriprise recommended and sold these customers more expensive mutual fund share classes when less expensive share classes were available.

Not exact matches

This is for mutual funds with share classes decided when shareholders pay the fund's load or sales charge, Class - B shares carry a deferred sales charge during a five - to 10 - year holding period intended from the time of the initial investment.

Not sure if this is still true, but when Vanguard launched their ETFs, I read somewhere that they used a patented method whereby the ETF shares were a unique class of interest tied to their mutual funds that track the same indices.

I googled it found that «A contingent deferred sales charge (CDSC) is a fee (sales charge or load) that mutual fund investors pay when selling Class - B fund shares within a specified number of years of the date on which they were originally purchased.

When it comes to selecting mutual funds for a defined contribution (DC) plan's investment menu, plan sponsors can encounter an alphabet soup of different share classes with varying fee structures sprinkled in — and that's ultimately what sets them apart.

The SEC is very clear in those few times when it says it may not fully prosecute prior securities law violations; a good example of how the SEC tends to approach those instances was its recent offer to investment advisers with potential fiduciary duty violations in connection with mutual fund share class selections to voluntarily discuss those violations with the SEC.