SEC Demurs on More Frequent Disclosure by Mutual Funds

If you were waiting for a sign that regulators planned to expose mutual funds to greater light for shareholders, it looks like you'll have to wait some more.

At a symposium in Washington, D.C., on Thursday, one of the top dogs at the Securities and Exchange Commission indicated that the agency will roll out some rules that will be beneficial to mutual fund holders, but he demurred on the pivotal issue of more-frequent disclosure of mutual fund holdings.

Paul Roye, director of the SEC's investment management division, told a gathering sponsored by mutual fund watchdog Fund Democracy that the agency has no immediate plans to enact a rule that would require fund managers to disclose their holdings more frequently. Roye also voiced concern about whether more-frequent disclosure would actually be good for the average investor. ...