SEC Changes Rules for Mutual Fund Industry The Security and Exchange Commission votes to change the way mutual funds are governed. Under the new rule, the chairmen of mutual fund boards will now be more independent from the companies that manage the funds. The change was vigorously opposed by the fund industry. NPR's Chris Arnold reports.
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SEC Changes Rules for Mutual Fund Industry

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SEC Changes Rules for Mutual Fund Industry

SEC Changes Rules for Mutual Fund Industry

SEC Changes Rules for Mutual Fund Industry

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  • <iframe src="https://www.npr.org/player/embed/1972373/1972374" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The Security and Exchange Commission votes to change the way mutual funds are governed. Under the new rule, the chairmen of mutual fund boards will now be more independent from the companies that manage the funds. The change was vigorously opposed by the fund industry. NPR's Chris Arnold reports.