The Share Class Selection Disclosure Initiative will only be available to recommendations made by registered advisory firms. (Photo: Diego M. Radzinschi/ALM)
The Securities and Exchange Commission does not anticipate extending a June 12 deadline for registered investment advisors to report imprudent recommendations on mutual fund share classes, according to an FAQ released by the agency.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
