TITLE

SEC Narrowly Approves Controversial Muni Fund Rules

AUTHOR(S)
Ferris, Craig T.
PUB. DATE
June 2004
SOURCE
Bond Buyer;6/24/2004, Vol. 348 Issue 31912, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the approval of the new rules that require the chairmen of mutual fund boards to be independent of the companies that manage the funds by the U.S. Securities and Exchange Commission. Significance of the leadership of an independent chair in the elimination of conflicts of interest; Opposition of some members of the panel; Efforts of mutual fund companies to lobby to block the rules.
ACCESSION #
13575008

 

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