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SEC Plans Mutual Fund Overhaul
National Public Radio [NPR]Link to more items from this source
Jan. 15, 2004

Excerpt: The Securities and Exchange Commission's five-member board moves to overhaul the regulations that govern the mutual fund industry. The board will institute measures meant to check the power of mutual fund managers by making their governing boards more independent. The body also proposes new rules requiring fund advisers to adopt and enforce an ethics code. NPR's Jim Zarroli reports.

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