While more than a dozen pilot companies are minding their interactive Ks and Qs, Securities and Exchange Commission Chairman Christopher Cox is pushing extensible business reporting language (XBRL) beyond quarterly filings to a new way for consumers to pick investments.

And mutual fund companies will play a significant role in providing investors with XBRL to allow them to compare apples-to-apples information between funds instantly side-by-side, on a single screen.

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