-->Hi,

aus der NYT heute (quotable, Auszüge):

S.E.C. to Order That Funds Have Outsiders as Chairmen

Overcoming strong opposition from the mutual fund industry, the Securities and Exchange Commission on Wednesday will approve a regulation forcing most of the nation's fund companies to replace their board chairmen with outsiders who are independent, commission officials said Monday.

The new regulation, which is expected to take effect in 18 months, will apply not just to fund companies that have figured in recent investigations, but giant firms that have not been named, including Fidelity Investments and T. Rowe Price Associates.

Industry analysts estimate that 80 percent of the nation's fund companies now have chairmen who are also senior executives and who will have to be replaced under the new rule.

The agency has already revised significant disclosure rules and forced the funds to adopt new ethics codes and to appoint compliance officers.

Officials said the agency was planning to complete rules later this year limiting after-hours trading, requiring greater disclosure of some fees and regulating more closely the payments and other compensation from funds to brokerage firms that execute their trades.

Rest Polit-Gequake.

Gruß!