The SEC alleged that by putting investors in higher-cost share classes, for which it was compensated, Cetera’s corporate RIA received about $5 million more in 12b-1 fees than if it had put clients in lower-fee share classes.
Left-leaning behavior by publicly traded companies is being rewarded by investors.
'All Your Worth,’ which came out in 2005 when Warren was a professor, discusses many of the same economic issues she’s running on.