The Securities and Exchange Commission's move to require fund advertisements to disclose a fund's most recent month's performance as well as a toll-free number or Web site where they can view up-to-date figures may soon become a reality. Paul Roye, director of the division of investment management at the SEC, said the commission might make this a rule by September or October. Two other proposals could be passed by November, Roye added. The first would require funds to disclose fund fees in dollar amounts for a $10,000 investment over the past six months, and the second would require funds to disclose their holdings on a quarterly rather than on a semi-annual basis. Funds would have to disclose the holdings within 60 days after the end of a quarter.
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