PHOENIX - It might sound elementary but legal eagles from some of the country’s biggest law firms convened today at the Investment Company Institute's Mutual Funds and Investment Management Conference to drive home the importance of disclosure when it comes to mutual fund registration.

According to Robert Skinner, a partner in the Boston office of Ropes & Gray, shareholder allegations over the last few years have been focused on the nature of holdings in funds and that the risks in those funds were not properly disclosed to let “reasonable” investors.

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