{"id":4685,"date":"2008-11-26T10:43:55","date_gmt":"2008-11-26T10:43:55","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/11\/sec_adopts_rules_to_streamline"},"modified":"2022-03-30T09:51:55","modified_gmt":"2022-03-30T14:51:55","slug":"sec-adopts-rules-to-streamline","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-adopts-rules-to-streamline\/","title":{"rendered":"SEC Adopts Rules to Streamline Mutual Funds Disclosures But Delays Making Decision on Credit Ratings\u2019 Final Rules"},"content":{"rendered":"<p>In a unanimous vote, the Securities and Exchange Commission agreed to adopt rule amendments to improve mutual fund disclosures. This includes letting investors receive a summary prospectus written in simple English. The SEC also adopted revisions to the mutual funds&#8217; registration form known as form N-1A, including amendments that let exchange-traded funds use summary prospectuses.<\/p>\n<p><strong>Summary Prospectus<\/strong><\/p>\n<p>The summary prospectuses, which are voluntary, may include important information about investment strategies and goals, past fund performance, risks, and fees. As long as the statutory prospectus, summary prospectus, and other essential data can be accessed online, mutual funds that send investors a summary prospectus will be fulfilling their prospectus delivery requirements. Key data, such as selling and buying procedures, financial intermediary compensation, and tax consequences must also be included. The SEC expects approximately 75% of all mutual funds to use summary prospectuses.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-adopts-rules-to-streamline\/\"  title=\"Continue Reading SEC Adopts Rules to Streamline Mutual Funds Disclosures But Delays Making Decision on Credit Ratings\u2019 Final Rules\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a unanimous vote, the Securities and Exchange Commission agreed to adopt rule amendments to improve mutual fund disclosures. This includes letting investors receive a summary prospectus written in simple English. The SEC also adopted revisions to the mutual funds&#8217; registration form known as form N-1A, including amendments that let exchange-traded funds use summary prospectuses. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3845,3799,3801],"tags":[],"class_list":["post-4685","post","type-post","status-publish","format-standard","hentry","category-credit-rating-agencies","category-mutual-funds","category-sec"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Adopts Rules to Streamline Mutual Funds Disclosures But Delays Making Decision on Credit Ratings\u2019 Final Rules &#8212; Investor Lawyers Blog &#8212; November 26, 2008<\/title>\n<meta name=\"description\" content=\"In a unanimous vote, the Securities and Exchange Commission agreed to adopt rule amendments to improve mutual fund disclosures. This includes letting &#8212; November 26, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-adopts-rules-to-streamline\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Adopts Rules to Streamline Mutual Funds Disclosures But Delays Making Decision on Credit Ratings\u2019 Final Rules &#8212; Investor Lawyers Blog &#8212; November 26, 2008\" \/>\n<meta name=\"twitter:description\" content=\"In a unanimous vote, the Securities and Exchange Commission agreed to adopt rule amendments to improve mutual fund disclosures. This includes letting &#8212; November 26, 2008\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Adopts Rules to Streamline Mutual Funds Disclosures But Delays Making Decision on Credit Ratings\u2019 Final Rules &#8212; Investor Lawyers Blog &#8212; November 26, 2008","description":"In a unanimous vote, the Securities and Exchange Commission agreed to adopt rule amendments to improve mutual fund disclosures. This includes letting &#8212; November 26, 2008","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/sec-adopts-rules-to-streamline\/","twitter_card":"summary_large_image","twitter_title":"SEC Adopts Rules to Streamline Mutual Funds Disclosures But Delays Making Decision on Credit Ratings\u2019 Final Rules &#8212; Investor Lawyers Blog &#8212; November 26, 2008","twitter_description":"In a unanimous vote, the Securities and Exchange Commission agreed to adopt rule amendments to improve mutual fund disclosures. This includes letting &#8212; November 26, 2008","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-adopts-rules-to-streamline\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-adopts-rules-to-streamline\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"SEC Adopts Rules to Streamline Mutual Funds Disclosures But Delays Making Decision on Credit Ratings\u2019 Final Rules","datePublished":"2008-11-26T10:43:55+00:00","dateModified":"2022-03-30T14:51:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-adopts-rules-to-streamline\/"},"wordCount":704,"articleSection":["Credit Rating Agencies","Mutual Funds","SEC"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-adopts-rules-to-streamline\/","url":"https:\/\/www.investorlawyers.com\/blog\/sec-adopts-rules-to-streamline\/","name":"SEC Adopts Rules to Streamline Mutual Funds Disclosures But Delays Making Decision on Credit Ratings\u2019 Final Rules &#8212; Investor Lawyers Blog &#8212; November 26, 2008","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2008-11-26T10:43:55+00:00","dateModified":"2022-03-30T14:51:55+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"In a unanimous vote, the Securities and Exchange Commission agreed to adopt rule amendments to improve mutual fund disclosures. 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