In February 2018, the SEC announced its Share Class Selection Disclosure Initiative (SCSD Initiative), offering advisers that self-reported inadequate disclosure regarding selection of mutual fund share classes an opportunity to resolve SEC charges without paying a financial penalty. Earlier this year, the SEC announced settlements with 79 investment advisers, yielding restitution of more than $125 million to affected clients. The SEC recently announced an additional 16 settlements under the SCSD Initiative, yielding an additional $9.86 million in disgorgement and interest for affected investors. This article details the terms of the recent settlements and an additional SEC order that imposed a significant penalty, in addition to disgorgement and interest, on an adviser that did not self-report under the SCSD Initiative. See “SEC Settles With 79 Investment Advisers Under Its Share Class Selection Disclosure Initiative” (Apr. 4, 2019).