The SEC has fined and censured the adviser to an Internet fund for failing to file the proper Y2K forms.

WWW Advisors of Lexington, Ky., adviser to the WWW Internet Fund, has agreed to pay a $5,000 fine to settle SEC charges that the firm did not file a form due Dec. 7, 1998, describing the readiness of WWW Advisors' computer systems for the transition to the year 2000. The SEC settled the case on March 9, according to court papers filed in the matter. WWW Advisors neither admitted nor denied the allegations in settling the case.

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