New rule requires more transparency on fund fees (IGNITES)
FrontLine Compliance
The SEC’s newly amended Disclosure Rule from a 2020 proposal will require mutual funds and ETFs to provide enhanced shareholder reports that are more visually appealing. The funds will also need to promote transparency in presentations of fees and expenses in fund advertising. A primary audience of retail investors is expected to benefit from fund materials that are easier to decipher with clear and concise information, graphics and text features. In the lead quotes, FrontLine’s…
