Morgan Lewis

SEC Votes to Improve Disclosure for Mutual Fund Investors

By Investment Management Practice

LawFlash/Client Alert

  • published on:

    11/20/2008

  • by:

    Investment Management Practice

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The Securities and Exchange Commission (SEC) voted unanimously on November 19 to improve mutual fund disclosure by requiring funds to provide investors with a “summary prospectus” written in plain English that presents the key information needed to make educated investment decisions. The summary prospectus will be located at the front of a fund’s prospectus.

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