Mutual Funds: Additional Disclosures Could Increase Transparency of Fees and Other Practices
GAO-03-909T
Published: Jun 18, 2003. Publicly Released: Jun 18, 2003.
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Highlights
Concerns have been raised over whether the disclosures of mutual fund fees and other fund practices are sufficiently transparent and fair to investors. GAO's testimony discusses (1) mutual fund fee disclosures, (2) the extent to which various corporate governance reforms are in place in the mutual fund industry, (3) the potential conflicts that arise when mutual fund advisers pay broker-dealers to sell fund shares, and (4) the benefits and concerns over fund advisers' use of soft dollars.
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Brokerage industryFeesInformation disclosureInvestmentsMutual fundsRevenue sharing paymentsCorporate governanceSecuritiesShareholdersRevenue sharing