SEC examiners will conduct special audits - possibly as early as next month - of mutual fund companies and other investment advisers who may be having trouble meeting year 2000 programming targets.

After evaluating forms which fund companies and other investment advisers filed Dec. 7, the SEC plans to send examiners to conduct detailed on-site inspections of those firms whose filings suggest that their computer systems may not be fully prepared for the switch from Dec. 31, 1999 to Jan. 1, 2000.

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.