The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Commissioners Give Thumbs Up Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 20, 2002

Commissioners Give Thumbs Up

by: Sean Hanna, Editor in Chief

The Securities and Exchange Commission yesterday voted unanimously to require mutual funds to disclose how they determine vote proxies and the funds' records of past votes.

They new draft rules are now subject to a sixty-day public comment period. The SEC also passed a similar set of rules for investment advisors.

The fund industry did win a compromise on one point. Funds will only have to provide the disclosures when they receive a request. They will not have to post them publicly through the internet. They will also have to submit the voting records semi-annually through Edgar.

Under the proposed regs, shareholders may request the disclosures by calling a toll-free or collect telephone number. The fund would have three business days to fulfil the request.

Funds that cast votes differing from their proxy guidelines would be required to disclose those votes in their shareholder reports and to explain the circumstances of the vote. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use