The SEC has been focusing for some time on payments from fund assets for what it has termed "distribution in guise" – including payments for sub-TA, revenue sharing and shareholder servicing. The First Eagle case is the first brought by the SEC as a result of this focus. Join Perkins Coie partner Molly Moynihan tomorrow at 2pm EST to discuss the settlement and how boards might best respond in exercising oversight of intermediary payments.
This webinar will be aired live from 2:00 to 3:00pm Eastern Time on Thursday, October 1, 2015. To register, click here.