Yale SOM Students Comment on SEC's Proposed Mutual Fund Disclosures

The website of the U.S. Securities and Exchange Commission features the commentaries of 38 students from Professor Jeffrey Sonnenfeld's MGT 623, Strategic Leadership Across Sectors class, on proposed new regulation of the mutual fund industry's reporting requirements.

Their comments pertain to two proposed new rules under the Securities Exchange Act of 1934 that seek to promote more informed decision-making by investors who purchase mutual funds, unit investment trust interests (UITs), and securities issued for education savings "529" plans. The new rules would require brokers and dealers to disclose more information to their customers than currently required about the costs and conflicts of interest in the distribution of mutual fund shares, both prior to a transaction and in the transaction confirmation.

Strategic Leadership Across Sectors is a popular elective course that takes a comprehensive view of the value-adding impact of top corporate leaders and how they revolutionize their enterprises, their industries, and the world economy.