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Article: Proposed changes address mutual funds' disclosures
- Article from:
- Chicago Sun-Times
- Article date:
- February 27, 2003
- Author:
CopyrightCopyright 2003 Chicago Sun-Times. (Hide copyright information)
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Wall Street is eager to ink a $1.5 billion settlement with several
state attorneys general over conflict-of-interest issues regarding
research and public stock offerings. But mutual fund investors have
not seen similar scandals erupt.
Certainly some mutual funds owned shares in now scandal-tinged
companies like Enron and WorldCom. Fund analysts may have relied too
heavily on research from Wall Street's "sell side." But there have
been no headline cases of fund managers profiting at their
shareholders' expense.
Even so, federal regulators have proposed some changes in the way
mutual funds do business.