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Walmart's New Health Food Push: Is It Too Hard to Swallow?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.
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