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SEC Retreats From 'Swing Pricing' Mandate for Mutual Funds After Stiff Opposition
News August 28, 2024 at 12:48 PM
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What You Need To Know
- The plan would have imposed swing pricing during periods of high redemptions, making it costlier for investors.
- Democratic lawmakers warned the measure could impose heavy burdens on investors saving for retirement.
- The regulator instead approved more-frequent disclosures of mutual-fund performance that had accompanied the swing-pricing measure.
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