NEW YORK - The plain English prospectuses that the SEC will require fund companies to use beginning Dec. 1 under the new Form N-1A regulations will be educational and helpful for investors but may expose mutual fund companies to disclosure liabilities.

This was the consensus of attorneys who spoke here last week at a conference on investment management regulation organized by Glasser LegalWorks of New York, a sponsor of legal conferences.

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.