MutualFundWire.com: High-Yield Muni Bond Funds are in the SEC's Crosshairs
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Friday, February 18, 2011

High-Yield Muni Bond Funds are in the SEC's Crosshairs


Muni-bond fundsters, beware: The Securities and Exchange Commission is looking at whether some mutual funds have overstated the value of risky municipal bonds that are thinly traded, the Wall Street Journal reports.

Citing anonymous sources, the pub reports that the commission is concerned that high-yield muni-bond fund investors might be misled about their investment's true value.


Printed from: MFWire.com/story.asp?s=36087

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