MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, September 13, 2007 SEC Makes a Risky Business of Fund Firm Investigations Watch out fund firms, the risk rating you get from the SEC might not be on target. In today's Wall Street Journal Fund Track column, Judith Burns writes that a new GAO report has found that the SEC often overstated and understated the risk for firms, often having to reclassify the firm's risk after further investigation. The new system, put in place after the Spitzer scandals, often doesn't capture how effectively the fund firms are at mitigating risks, sometimes misses risks altogether, and that SEC investigators did not communicate very well with fund companies. Printed from: MFWire.com/story.asp?s=15719 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |