May 01, 2017

William Blair & Company

Financial Fraud

SANCTION AMOUNT: $4.5 million

Defendants: William Blair & Company

The SEC found that the respondent advisory firm: (1) used managed mutual fund assets to pay for the distribution and marketing of fund shares outside of a Rule 12b-1 plan; and (2) failed to fully disclose that it would retain fees for providing shareholder administration services to certain funds. Respondent settled the charges.

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