The Electronic Compliance Foundation (ECF) is drafting a no-action letter to the Securities and Exchange Commission asking the SEC to permit investors to obtain more investment information on-line.

Since ECF announced its intent last summer to advance electronic commerce (MFMN, August 14, 1998), this has been the group's most important accomplishment to date, says Arthur Loring, one of the founders and a managing director of Cypress Holdings in Boston.

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