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The SEC Has a Long List of New Year's Resolutions for Fund World

 

The year 2001 could be the year of more information for mutual fund investors as some key rules proposed by the Securities and Exchange Commission are set to go into effect in the next few months.

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Before SEC Chairman Arthur Levitt steps down in February, he and his staff are expected to pass a number of proposals into early next year that could change the way many investors choose their mutual funds. Though the identity of Levitt's successor is as yet unknown, SEC watchers say they expect the commission to pick up where the current administration left off in discussing new proposals that will benefit mutual fund shareholders.

As for the immediate future, the SEC is expected to enact a number of rules that will focus on issues such as reporting after-tax performance, fund names accurately reflecting their holdings and the independence of fund directors. ...

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