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SEC Wants Investors to Understand Funds Better
The Securities and Exchange Commission wasted no time last week as it moved ahead with new disclosure rules for the $6.2 trillion mutual fund industry a day after the White House announced that William Donaldson would succeed departing SEC chairman Harvey Pitt.
Pitt, who resigned in November after a series of political missteps, had already touted the new disclosure rules as a boon for individual investors. ...
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