The Banksters

0x3…6f4

ERC721

Between January 1, 2001 and October 2003, Respondents directed brokerage commissions on trades executed for the Scudder Funds to eighteen broker-dealers to reduce their revenue sharing costs. By directing brokerage commissions, a Fund asset, Respondents avoided, in certain instances, having to expend their own assets for revenue sharing. These marketing arrangements created potential conflicts of interest that DIMA and DAMI, as fiduciaries, should have -- but did not -- adequately disclose to the Fund Boards. DIMA and DAMI similarly failed to communicate to the Funds’ shareholders in the Funds’ prospectuses or Statements of Additional Information (“SAIs”) that SDI used the Funds’ assets to reduce revenue sharing costs.

Name

1308

Owner

0xdA1a941f2256469411f18170794bfC770078171B

ID#1308

Rarity

HI:16%