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Ivan B. Knauer Quoted in Ignites Article, 'SunTrust Latest Target in SEC's 12b-1-Fee Crackdown'

3/03/2017
Ivan B. Knauer Quoted in Ignites Article, 'SunTrust Latest Target in SEC's 12b-1-Fee Crackdown'

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 March 1, 2017 Ignites article, "SunTrust Latest Target in SEC’s 12b-1-Fee Crackdown."

At least one industry lawyer says the SunTrust case “feels like regulation by enforcement.” If funds are available that charge 12b-1 fees, an advisor should be able to use them, says Ivan Knauer, partner at Pepper Hamilton.

“At the same time,” Knauer says, “I do understand the desire by the enforcement division to look into a case like this when the entity is acting as a registered investment advisor under a fiduciary standard, as opposed to a retail broker.”

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