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Rating:Unpopular SEC Proposals Will Likely Change, Says Insider Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 24, 2004

Unpopular SEC Proposals Will Likely Change, Says Insider

by: Theresa Sim

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 reported 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. 

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