It is now official.
Mary Jo White has been confirmed by the Senate as
SEC chair. [For notable coverage, go to such news outlets as
CNNMoney,
the New York Times and the
Wall Street Journal.
Now that White has been named the country's top securities regulator, a number of industry leaders and experts have outlined to the
Wall Street Journal a
a wish list of regulatory changes.
For example,
Robert Pozen, current
Harvard Business School lecturer and former chairman of
MFS Investment Management as well as ex-president of
Fidelity Investments, wants change in mutual fund taxation.
Mercer Bullard, founder and president of the advocacy group
Fund Democracy as well as associate professor at the
University of Mississippi School of Law, wants the regulator to strengthen rules for brokers and advisers selling funds.
Meanwhile,
Vanguard Group founder
John Bogle wants improved disclosure of costs and risks with mutual funds.
Finally,
Don Phillips president of
Morningstar Inc.'s Investment Research Division told the
Journal that he wants the regulator to clean up how funds report their expenses.
Read more on these leaders' regulatory wish list in the
Wall Street Journal.
Edited by:
Tommy Fernandez
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