Today's Wall Street Journal reports that The Securities and Exchange Commission (SEC) voted unanimously to consider changes to help investors compare choices in the nearly $12 trillion mutual-fund industry through use of summary information. Here's a link to the actual press release from the SEC itself.
Though not a binding vote (passage of the changes would require a second SEC vote), the proposed changes sound like a relatively good thing for investors. Investors looking at mutual fund investments would have more "plain-English" sales and disclosure literature to access. In addition to a full-blown prospectus that each mutual fund publishes, a greater use would be made of summary information through a variety of channels, including greater use of the Internet.
Though not a binding vote (passage of the changes would require a second SEC vote), the proposed changes sound like a relatively good thing for investors. Investors looking at mutual fund investments would have more "plain-English" sales and disclosure literature to access. In addition to a full-blown prospectus that each mutual fund publishes, a greater use would be made of summary information through a variety of channels, including greater use of the Internet.
Five winners of a weak dollar
For a quick-read on the U.S. economy, check the price of gasoline
Closing Bell: What Friday 13th curse? (ANF, BA, GENZ, DIS, PALM, PLA)
