Archive
Registration
Prospectus and SAI
Fund Case Raises Disclosure Liability Issues
March 11, 2009
As markets have continued to drop, new lawsuits against mutual funds, fund companies and directors are beginning to be filed. A District Court in California recently issued a decision that, if followed more widely, has potentially significant implications for future mutual fund-related litigation. The case,… read more
Final Rule Release: Enhanced Disclosure and New Prospectus Delivery Option for Investment Companies
January 14, 2009
During his January 13 keynote address at the Forum's Third Annual Directors' Institute, Andrew J. Donohue, Director of the SEC's Division of Investment Management, announced that the Division has posted the final rule release for the Summary Prospectus, a streamlined prospectus… read more
Interactive Data for Mutual Fund Risk/Return Summaries
December 22, 2008
On December 18, 2008, the SEC approved final rules requiring mutual funds, starting in 2011, to include data tags in their public filings supplying investors with such information as objectives and strategies, risks, performance, and costs. The Commission believes that requiring funds to add electronic… read more
SEC Adopts Summary Prospectus
November 19, 2008
At the SEC's open meeting this morning, the Commission postponed consideration of proposed rules applicable to NRSROs to another day, but adopted the Summary Prospectus proposal issued in November of 2007. As we described in yesterday's post about the open meeting, the… read more