Industry, investor advocates oppose key parts of SEC mutual fund reform
The SEC has proposed using swing pricing and a hard close for share purchases to protect investors during market meltdowns. Critics warn changes could ruin mutual funds.
Key provisions in an SEC proposal designed to bolster the resilience of mutual funds during times of high demand for withdrawals are drawing strong opposition from the financial industry and investor advocates.
The Securities and Exchange Commission released a proposal in November that would requ
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