Washington (Dec. 12, 2002) -- The Securities and Exchange Commission proposed a new rule Wednesday which would force mutual funds to be more open about their expenses.

The commission wants funds to detail their expenses in dollars and cents, rather than as a percentage of assets, which is how fund fees are currently disclosed to investors.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access