We're experiencing the same issue, it also appears process and path exclusions are not applying as "mvadm ftypes list" and "mvadm procpassthru list" return nothing on client servers.
Processes I've excluded still show when run MOVE AV diagnostics on the primary SVM server.
We went through a migration from MOVE AV 3.6.1, did you do the same or is yours a clean install of MOVE AV 4.0?
It was a clean install.
Im still waiting for McAfee to get back to me.