SEC Requests Comment on Fund Names Rule; Seeks to Eliminate Misleading Fund Names

The Securities and Exchange Commission requests public comment on its current requirements that restrict the use of potentially misleading fund names. Fund names are often the first piece of information investors see and they can have a significant impact on an investment decision. The request seeks feedback on whether the current requirements are effective and whether there are viable alternatives that the Commission should consider. The request is the latest in the Commission's ongoing efforts to review and improve our existing rules to better inform and protect investors. "This request for comment is another important step in our efforts to better inform and protect Main Street investors and improve the investor experience," said SEC Chairman Jay Clayton.