Court Strikes Down S.E.C.’s Fee Disclosure Rule for Funds

In a recent ruling, a federal court struck down the Securities and Exchange Commission’s rule requiring mutual funds to disclose fees in certain shareholder reports. The court found that the SEC overstepped its authority by mandating the disclosure of so-called “marketing fees” in these reports. This decision is seen as a victory for mutual fund companies, who argued that the rule was burdensome and unnecessary.

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