• Enhanced Disclosure and New Prospectus Delivery Option Proposed for Mutual Funds
  • December 7, 2007
  • Law Firm: Sutherland Asbill & Brennan LLP - Washington Office
  • On November 16, 2007, the Securities and Exchange Commission ("SEC") unanimously approved a series of proposed amendments to rules under the Securities Act of 1933, as amended (the "Securities Act"), and Investment Company Act of 1940, as amended (the "1940 Act"), that would dramatically alter the manner and form in which disclosure about open-end management investment companies ("mutual funds") is provided to investors.