The Securities and Exchange Commission will continue to focus on mutual fund oversight, Chairman Mary Schapiro told the New York Financial Writers Association. 

In particular, the SEC is concerned about the wide disparity in the equity allocations of target-date funds, she said. “One issue I have asked our staff to examine closely is whether the use of a particular target date in a fund’s name is materially deceptive or misleading and should be prohibited,” Schapiro said.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.