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SEC Must End Mutual Fund Paper Chase

TedTed
in Fund Discussions
FYI: Even amidst the rancor and divisiveness that currently blanket Washington, the federal government has a bipartisan opportunity to reduce costs and improve disclosures for investors, while in the process helping the environment, and eliminating expensive, unnecessary papershuffling. Unfortunately, the Securities and Exchange Commission (SEC) struck out on an opportunity to get it done at its public meeting last month.
Regards,
Ted
http://www.forbes.com/sites/realspin/2016/11/03/sec-must-end-mutual-fund-paper-chase/print/

Comments

  • BobCBobC
    I for one am not surprised at all. I have never seen any action by the SEC, DOL or other agency that reduces paperwork, lowers overall expenses, and makes sense. At least 50% of my daily mail consists of hard copies of prospectuses and other required mailings that end up in our shred/recycle bin. What a waste of resources and money!
  • Nick_de_Peyster
    I disagree. XBRL was an initiative that reduced costs.

    Nick de Peyster
    http://undervaluedstocks.info/
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