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Alabama Technology To Ease Fund Compliance

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NU Online News Service, Jan. 11, 2005, 4:20 p.m. EST

Principal Financial Group Inc., Des Moines, Iowa, has agreed to license the mobileCompliance system from Mobular Technologies Inc., Huntsville, Ala.[@@]

Principal will be using the system to automate distribution of mutual fund prospectuses and other fund filings drawn from the U.S. Securities and Exchange Commission filing database.

The library, which will include more than 800 Principal funds, will be updated daily, Mobular says.

Investors will be able to read the filings without downloading special electronic readers or opening multiple documents, Mobular says.