SEC Chairman William Donaldson said last Tuesday the agency will seek the opinions of the nation's 91 million mutual fund investors over the next 60 days on what the ideal point-of-sale and trade-confirmation reports should look like for broker-sold funds.

On, investors will be able to find sample forms, designed for ease of use and understanding. One would spell out the fees as well as the conflicts of interest for funds sold through a broker. The second would be a confirmation report modeled after a stock confirmation ticket.

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.