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The two men are accused of requiring fund managers to pay a fee to Mr. Morris, who provided no legitimate services in return, if they wanted state business.
Once mutual fund reform died in the U.S. Senate, the Commission lost all interest requiring fund companies to disclose trading costs.
Even a tiny assessment on fund shareholders could push today's already tiny yields to zero, while requiring fund sponsors to provide the cash would make a tough business even harder and more expensive.
The regulation of fund managers should be tightened up: notably, by standardising tables of past performance and insisting they be accompanied by health warnings in large print, and by requiring fund managers to disclose all fees and charges, including transaction costs, upfront.
The institute has already written to the S.E.C. to register its displeasure with the notion of requiring fund boards to be run by an independent chairman, and the new council looks like a way for the lobbying group to try to control any regulatory action on board independence.
The rest of Labour's business policies include extra powers for the Green Investment Bank, limiting votes on takeovers to those who already hold the shares, requiring fund managers to disclose how they vote on executive pay, and installing employee representatives on company remuneration committees.
Similar(52)
Banks below the ratio need to increase stable sources of funding and to reduce assets requiring funding.
So they are requiring funds".
The cost to rebuild Rome was immense, requiring funds the state treasury did not have.
This will be a difficult task requiring funding, standardized patient training, and student participation.
Some mutual funds require fund managers to stay fully invested.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com