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News Flash- SEC May Target Funds for Failure to Inform Trustees

The Securities and Exchange Commission's formal dealings with mutual fund companies reportedly will continue into next year if the Commission follows through on plans to punish investment firms for failing to provide mutual fund board members with vital information.

The Commission's widespread campaign against misconduct within the mutual fund industry first gathered steam more than a year ago when Morgan Stanley paid a fine to settle charges stemming from its revenue-sharing agreements with nearly a dozen mutual fund providers.