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SEC Tells Mutual Funds To Dumb Down Prospectus Filings

By Stephanie Russell-Kraft (June 27, 2014, 6:51 PM EDT) -- The U.S. Securities and Exchange Commission on Thursday told mutual funds to cut the length of their prospectus summaries, saying many of the forms funds use to explain their offerings to investors have become riddled with legalese and other unintelligible jargon....

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