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SEC proposes broader fund cross-trading to cut investor costs

A photo of the arms of two brown-skinned runners passing a baton on a brick-red running track.
Photo: Mike Powell/Getty Images

SEC proposes expanding fund cross-trading eligibility, restoring many fixed-income transactions while adding safeguards.

To expand the types of securities eligible for cross-trading by registered funds while introducing additional oversight and disclosure requirements, the SEC has announced a rule change.

The Commission last week unveiled a proposed amendment to its Investment Company Act cross-trading rule, seeking to modernize regulations governing transactions between registered funds

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