Bipartisan lawmakers warn SEC to tread carefully on mutual fund proposal
GOP Rep. Ann Wagner and Democrat Brad Sherman, leaders of a committee with SEC jurisdiction, echo financial industry concerns that the plan will harm retirement savers.
Two members of the House, one a Republican and the other a Democrat, warned the SEC “to carefully evaluate its next steps” on a mutual fund reform initiative that has drawn strong financial industry opposition.
The Securities and Exchange Commission is considering a proposal released in Novem
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