The SEC Wants Investment Advisers to Tell All Online

WASHINGTON -- In another major push for disclosure, the Securities and Exchange Commission wants the nation's 20,000 investment advisory firms to tell more about who they are and how they do business, so that it can be communicated to investors on the Web.

The proposal, which the agency staff put forth in April, has received little publicity. But it would significantly bolster 60-year-old investor protection rules covering many money managers, financial planners and others providing investment advice.

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