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Market Savvy | SAVVY CONFIDENTIAL / A Briefing for
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May 20, 2000|(Times Wire Services)

The Securities and Exchange Commission said Friday it will approve Yahoo's request that it not be regulated as a mutual fund, unless someone requests a hearing. Yahoo technically might have fallen under fund rules because of its investment stakes in other Internet-related companies. . . . The SEC will put in writing in the next month its long-held position that any redemption fee charged investors who move their assets out of a mutual fund should not exceed 2%, the agency's fund regulation official said.

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