NEW YORK - Mutual fund companies will have until March 31 to comment on a privacy provision in the Financial Services Modernization Act that will prevent fund companies from sharing customer information with third-party non-affiliates.

The law also allows mutual fund investors to "opt out" of internal direct marketing lists, said Federal Reserve Board officials and attorneys who spoke here last week at a symposium on the regulatory and strategic ramifications of the Financial Services Modernization Act.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.