Financial Services Industry
Industry: Email Alert RSS FeedMutual funds outgrow old corporate structure; Independent boards among topics for debate.(News)
Investment News, December, 2005
Byline: Sara Hansard WASHINGTON - Several organizations next year plan to recommend revisions to mutual fund regulations - ranging from allowing brokers to discount fund sales loads to abolishing the corporate structure of mutual fund companies. Two Washington-based think tanks, the American Enterprise Institute for Public Policy Research and The Brookings Institution, are joining forces to study fund regulation.
They plan to issue recommendations on changes by mid-2006. Fund Democracy Inc., an Oxford, Miss., mutual fund shareholder advocacy group, also plans to make recommendations for regulatory changes along with consumer groups such as the Consumer Federation of America in Washington. Mutual fund legal experts agree that the time ripe...
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