The Commissions widespread campaign against misconduct within the mutual fund industry first gathered steam more than a year ago when
The next potential wave of enforcement actions closely follows recent mandates that have increased the power of independent board members by requiring 75% of a board, including the chairman, are independent. As well, added responsibilities have increased liabilities for all mutual fund board members.
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The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.