The Securities and Exchange Commission will examine the risk exposure and marketing of target-date funds in the coming year, SEC Chairman Mary Schapiro told the Practising Law Institute Friday.

“Not all target-date funds are created the same, and some with very near-term target dates lost substantial amounts of investors’ money in 2008,” Schapiro said. “In the year ahead, we are going to confront the issue of the potential for target-date fund names to confuse investors, or lull them into a false sense of security. I have asked the staff to prepare a rule proposal to provide additional information to investors when a fund includes a date in its name.”

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