Get the summary prospectuses ready. The SEC on Wednesday
voted unanimously to require fund firms to provide summary prospectuses in a clear, concise manner,
"This is good for investors and will aid their decision making," the wire service quoted SEC commissioner Luis Aguilar
as saying during the Wednesday morning meeting.
The SEC is requiring fund firms to include information such as the fund's objectives, strategies, risks and costs at the front of the statutory prospectus.
Stay ahead of the news ... Sign up for our email alerts now