SEC takes its eyes off reform needed for most investors (Richmond Times-Dispatch)
The U.S. Securities and Exchange Commission is apparently more worried about a few wealthy people being ripped off of big bucks than it is in seeing the masses sheared of a few pennies. That’s the only take after the agency’s top cop for mutual funds recently acknowledged that promised reform of sales and marketing fees is being put off for 2009 while the agency focuses on other matters “that …
Source:SEC takes its eyes off reform needed for most investors (Richmond Times-Dispatch)
