Two outstanding, and unpopular fund reform proposals at the SEC
will likely not only be pushed back to 2005, but also see drastic change. That's according to an unnamed SEC official as
the LA Times
The two proposals concern a hard 4pm close for trades and a mandatory two percent redemption fee on funds.
"I'd anticipate that any rules proposals will look substantially different from the originals," said the official.
Stay ahead of the news ... Sign up for our email alerts now