Journal of Accountancy Large Logo
|
General Interest

Securities

December 2002

The SEC proposes two rules governing mutual funds’ and investment advisers’ proxy voting on behalf of their investors and clients, respectively. The first proposal ( www.sec.gov/rules/proposed/33-8131.htm ) would require mutual funds to disclose the policies and procedures they use to determine how to vote proxies relating to their shareholders’ securities. Fund companies also would have to make available records of the specific votes they cast. The second proposed rule ( www.sec.gov/rules/proposed/ia-2059.htm ) would assign the same responsibilities to investment advisers. Comments on both proposals are due December 6.

View CommentsView Comments   |  
Add CommentsAdd Comment   |  
CPE Direct articles Web Exclusive content
AICPA Logo Copyright © 2010 American Institute of Certified Public Accountants. All rights reserved.
Reliable. Resourceful. Respected. (Tagline)