Tuesday, July 14, 2009

 

Obama’s Financial Overhaul May Force Commission Disclosure

President Barack Obama’s plan to improve investor protections would force disclosure of commissions paid to brokers by mutual funds, said consumer advocate Mercer Bullard... The plan would give the U.S. Securities and Exchange Commission the power to ban practices deemed harmful to investors such as conflicts of interest and require brokers to recommend only products that are in their clients’ best interest...

Bloomberg: Obama’s Financial Overhaul May Force Commission Disclosure

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