SEC Plans Mutual Fund Overhaul

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.

Copyright © 2004 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

Copyright © 2004 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.