529 Plans – Where we are today

The Financial Industry Regulatory Authority (“FINRA”) and the Securities Exchange Commission’s (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”) have highlighted concerns around the sale of 529 College Savings Plans (“529 Plans”).1 The concerns they have expressed revolve primarily around 529 Plans share class recommendations and the conflicts of interest that may exist with such recommendations. These concerns remain relevant, and may receive additional scrutiny given the current focus of multiple regulators on fees, conflicts of interest and fiduciary behavior. Continue reading “529 Plans – Where we are today”