It is now official. Mary Jo White
has been confirmed by the Senate as SEC
chair. [For notable coverage, go to such news outlets as CNNMoney
, the New York Times
and the Wall Street Journal
Now that White has been named the country's top securities regulator, a number of industry leaders and experts have outlined to the Wall Street Journal
a a wish list
of regulatory changes.
For example, Robert Pozen
, current Harvard Business School
lecturer and former chairman of MFS Investment Management
as well as ex-president of Fidelity Investments
, wants change in mutual fund taxation.
, founder and president of the advocacy group Fund Democracy
as well as associate professor at the University of Mississippi School of Law
, wants the regulator to strengthen rules for brokers and advisers selling funds.
Meanwhile, Vanguard Group
founder John Bogle
wants improved disclosure of costs and risks with mutual funds.
Finally, Don Phillips
president of Morningstar Inc.'s Investment Research Division
told the Journal
that he wants the regulator to clean up how funds report their expenses.
Read more on these leaders' regulatory wish list in the Wall Street Journal
Stay ahead of the news ... Sign up for our email alerts now