Outside Publication

When Best Execution Isn’t Best: Mutual Fund Share Class Selection, The Investment Lawyer

February 2019

Morgan Lewis partners Jennifer L. Klass and Amy J. Greer and associates Eric L. Perelman and Olga Kamensky authored an article for the February 2019 Investment Lawyer about the duty of investment advisors to disclose related conflicts of interest when choosing or recommending mutual fund share classes in light of a recently established SEC self-reporting initiative for disclosure-based violations under the Investment Advisers Act of 1940.

In the article, they discuss how the SEC’s application of best execution to share class selection cases, and its own interpretive guidance, provide more questions than answers for why best execution is an appropriate or necessary component of the analysis.

Read the full The Investment Lawyer article >>