- A Broker-Dealer's Guide to Clean Shares
- March 31, 2017 | Author: Clifford E. Kirsch
- Law Firm: Eversheds Sutherland (US) LLP - New York Office
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Broker-dealers considering adding clean shares to their shelves and asset managers adding them to their product menus need to be aware of how this share class is different from others and the regulatory expectations that will be imposed on those who sell them.
In his article for Ignites, Eversheds Sutherland (US) Partner Clifford Kirsch breaks down what a “clean share” is as defined in the new Securities and Exchange Commission interpretive letter, and what mutual fund companies need to consider before offering clean shares.