For broker dealers, FINRA has declared that if a retirement plan qualifies for a Class A sales charge waiver and purchases that share class, the investor will not pay a front end sales load. It’s incumbent on the selling broker dealer to ensure that clients entitled to sales load waivers do indeed receive them. FINRA wants your firm to look back seven years, so the number of transactions you will have to review can easily run into the millions.
For firms that need data to supplement their post trade compliance systems:
For firms that want Delta Data to monitor post trade compliance for A share Waivers: