The Securities and Exchange Commission just released its full summer agenda and according to SEC Chairman Christopher Cox, the commissions only firm plans are that it will be extremely busy in the coming months.
The agenda for all of 2008 will include, "quite a laundry list of important topics," Cox said. Some notable topics include focusing on new ways to make access to foreign securities easier for U.S. investors, as well finding a way to upgrade the process in which energy companies report their oil reserves.
Two weeks from now, the SEC commissioners will meet in order to discuss a proposition streamlining adoption of rule proposals by self-regulator groups. At the June 25 meeting, the SEC will also vote on a proposition on whether or not it should be a municipal bond filings website modeled in a similar manner as the EDGAR system, a system which companies currently use when the file their quarterly and annual reports.
Specifically regarding mutual funds, Cox announced that the SEC also plans to carefully examine an overhaul of 12b-1 fees. Those in favor of reform claim that these current fees, for marketing and distribution, are nothing more than a slush fund of sorts for brokers.