SEC Investor Committee to Examine Fund Disclosure

The Securities and Exchange Commission’s new Investor Advisor Committee, in its first meeting this coming Monday, will discuss mutual fund point-of-sale and broker fee disclosures as well as fee transparency and other disclosures in 401(k) plans.

The meeting will transpire for a full day, with the morning concentrating on setting an agenda into 2010 and the afternoon concentrating on issues of immediate concern to investors.

Going forward, the committee will discuss fiduciary responsibilities, investment advice and the role of technology and interactive applications in investment management.

Mary Schapiro, chairman of the SEC, said the committee was formed to give the Commission a chance to hear directly from retail and institutional investors.