SEC Narrowly Approves Controversial Muni Fund Rules

Ferris, Craig T.
June 2004
Bond Buyer;6/24/2004, Vol. 348 Issue 31912, p36
Trade Publication
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.


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