SEC Set for Busy Summer
June 23, 2008
The Securities and Exchange Commission just released its full summer agenda, and according to SEC Chairman Christopher Cox, it will be extremely busy in the coming months.
The agenda for all of 2008 will include "quite a laundry list of important topics," Cox said. Among them: making access to foreign securities easier for U.S. investors and upgrading energy companies' oil reserves reports.
This Wednesday, the SEC commissioners will meet to discuss self-regulator groups and to vote on a municipal bond filings website modeled on EDGAR.
Specifically regarding mutual funds, Cox announced that the SEC also plans to carefully examine an overhaul of 12b-1 fees. Those in favor of reform claim that these current fees, for marketing and distribution, are nothing more than a slush fund of sorts for brokers.
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