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The weekly news source for investment management legal and compliance professionals

News October 14, 2019 Issue

SEC Staff to Fund Managers: Verify Accuracy of Performance and Fee Disclosures

The SECís Division of Investment Management is apparently not happy with mutual fund disclosures of their performance and fees. In new guidance issued October 7, the Division staff lists a number of improper practices that it has observed and says that funds and fund managers need to verify the accuracy of their performance and fee disclosures prior to filing them with the Commission and providing them to investors.

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