SEC orders San Diego B-D to pay $800,000 over fund share class disclosures
![fund share class](https://s32566.pcdn.co/wp-content/uploads/2022/06/SEC-building-view-from-below_opt-951x634.jpg.optimal.jpg)
Madison Avenue Securities didn't disclose or didn't adequately disclose conflicts associated with compensation the firm received from certain advisory client investments.
The Securities and Exchange Commission Tuesday ordered Madison Avenue Securities of San Diego to pay more than $800,000 to settle charges that it breached its fiduciary duty in connection with its mutual fund share-class selection practices, as well as the related receipt of third-party compensation
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