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Ivan B. Knauer Quoted in Ignites Article, 'FINRA Sweep Targets Funds' Sales-Charge Waivers'

6/02/2016
Ivan B. Knauer Quoted in Ignites Article, 'FINRA Sweep Targets Funds' Sales-Charge Waivers'

Ivan B. Knauer, a co-chair of the Securities and Financial Services Enforcement Group and a partner in the White Collar Litigation and Investigations Practice Group of Pepper Hamilton, was quoted in the May 20, 2016 Ignites article, "FINRA Sweep Targets Funds' Sales-Charge Waivers."

“It looks to me that the purpose of this sweep is to sweep up everybody who hasn’t come forward,” says Ivan Knauer, co-chair of Pepper Hamilton’s securities and financial services enforcement group.

But the time to get “credit for cooperation” probably ended once the sweep started, says Knauer, adding that he expects FINRA to impose penalties on firms it identifies through its targeted exams as having problems.

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