The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations announced that, in upcoming audits, it would specifically review whether investment advisers were making conflicted investment recommendations to their clients. OCIE said it would evaluate whether investment advisers are acting in their clients’ best interests when they make recommendations to purchase certain share classes of mutual funds (e.g., more expensive as opposed to less expensive share classes) and whether they are disclosing potential conflicts of interest, including if an adviser or any of its supervised persons accepts asset-based sales charges or service fees from the sale of mutual funds.