SEC Adopts Rule Enhancements To Prevent Misleading Or Deceptive Investment Fund Names
Portfolio Pulse from Benzinga Newsdesk
The Securities and Exchange Commission (SEC) has adopted new rules to prevent misleading or deceptive investment fund names. The rule enhancements aim to ensure that the names of investment funds accurately represent their investments.
September 21, 2023 | 7:07 am
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NEUTRAL IMPACT
The new SEC rules may impact SPY if its name is found to be misleading or not accurately representing its investments.
The new SEC rules aim to prevent misleading or deceptive investment fund names. If SPY's name is found to be misleading or not accurately representing its investments, it could be impacted by these rules. However, as the article does not provide specific details about SPY, the impact is uncertain.
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