Disclosure


TThe SEC changed—and proposed further modifications to—its mutual fund rules and forms ( www.sec.gov/news/press/2004-16.htm ). In one action, to improve funds’ disclosure of costs, investments and performance, the commission amended provisions pertaining to shareholder reports and quarterly portfolio disclosures. These new requirements will apply to reporting periods ending on or after June 18, 2004. The commission also proposed two amendments. One would require funds’ directors to disclose in detail the costs and benefits of each investment advisory contract they approve. Another would ban mutual funds’ use of brokerage commissions (which are fund assets) to finance the promotion or sale of fund shares—a practice that can increase fund expenses and reduce investment returns. Comments are due April 26.

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Keeping you informed and prepared amid the coronavirus outbreak

We’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption.

VIDEO

Excel walk-through: Sparklines

Want to liven up your spreadsheets with some color and graphical elements? Kelly L. Williams, CPA, Ph.D., shows how to use Excel sparklines, which illustrate data trends and patterns via small charts that fit in a single Excel cell.