The SEC expects to take action before the end of this year to finally battle late trading in mutual funds through the long-debated redemption fee rule and decide whether or not it is necessary to propose rules forcing firms to use interactive data for financial reports, according to The Wall Street Journal.

The SEC revealed these plans in a performance budget.

The SEC also plans to take final action on rules affecting self-regulatory organizations, like the NYSE Group's New York Stock Exchange.

In addition, the SEC will revisit point-of-sale disclosure for broker-sold mutual funds and soft-dollar arrangements.

Further, the SEC plans to take final actions on net capital requirements, the regulation of bank brokerage activities and regulation of credit-rating concerns.

The SEC will scrutinize approximately one third of fund portfolios in the upcoming months, down from earlier years. This is evidence of the fact that the U.S. financial market is slowly but surely recovering from the scandals of a few years ago.

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