The NASD plans to release a report today calling for a Web-based "Profile Plus," which the Securities Industry Association will endorse in a letter to the SEC, also today, The Wall Street Journal reports.

The new two-page report - a development from the "Prospectus Profile" that the SEC first proposed in the late 1990s - is designed to clearly enumerate the most important things an investor should consider before selecting a fund: its total costs, strategy, risk, performance and a brokerage's potential sales conflicts of interest. Embedded in the "Profile Plus" would be links to further information, such as prospectuses and statements of additional information.

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