SEC wraps up share-class initiative by settling with Merrill, two others
![SEC-building-logo](https://s32566.pcdn.co/wp-content/uploads/2020/04/SEC-Building-logo-951x634.jpg.optimal.jpg)
Over two years, the agency's initiative returned more than $139 million to investors
The Securities and Exchange Commission on Friday announced settlements with Merrill Lynch and two other investment advisory firms to conclude its more than two-year crackdown on disclosure failures related to high-fee mutual funds.
The SEC launched its Share Class Selection Disclosure Initiative
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