CHICAGO - The Securities and Exchange Commission plans to make all footnotes and related commentary for Form N-Q filings public, which is causing consternation in the industry.

One of several issues that industry executives confronted at the recent Investment Company Institute Tax & Accounting Conference here, Form N-Q is a particularly contentious topic among fund firms because it risks revealing proprietary strategy to competitors and, to shareholders, sensitive information regarding fund expenses.

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.