It was a mutual fund complex whose trading tactic, unintentionally, triggered the Flash Crash, according to federal regulators. These same regulators-the Securities and Exchange Commission and the Commodity Futures Trading Commission-are now going about scores of rule-making procedures, to implement the edicts of the Dodd-Frank Wall Street Reform Act and its call for transparency in operations.

And, oh, yeah, there are rules already in place telling mutual fund companies to convert their risk-return summaries into a format that works interactively online. And one for delivering summary prospecti electronically, if you want to avoid costs of printing and delivering paper.

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