MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, March 16, 2005 House Committee Passes Bill Banning Contractual Funds The House Committee on Financial Services voted on Wednesday to approve a bill that would make contractual mutual fund sales illegal. H.R. 458, the Military Personnel Financial Services Protection Act, bans contractual sales, clarifies State insurance commissioners' jurisdiction over military bases, and requires the federal government to provide information to military personnel before the sale of insurance products, according to a release The bill, which was introduced by Representative Geoff Davis (R, Kentucky), will now go to the larger House. Printed from: MFWire.com/story.asp?s=9282 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |