A plan requiring investment advisers to provide online brochures has made it to the agenda at the SEC's
public meeting slated for February 13, The Wall Street Journal's
Judith Burns reported, citing anonymous sources. The plan calls for advisers to come out with online brochures containing information on their services, fees and investment performance in an easy-to-read manner. The plan first surfaced in 2000, but the SEC later backtracked from it and required advisers to provide electronic filings of only basic information (details are contained in printed brochures). Officials at the commission had vowed to tackle the topic again, but they were sidetracked by the fund trading scandals.
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