NEW YORK - Muller Data Corp. is beginning to provide electronic daily pricing on more than 100 mutual funds too small to qualify for reporting by the National Association of Securities Dealers.
NASD requires new mutual funds have $25 million in assets or 1,000 shareholders before it will issue a trading symbol. As a result, new and reorganized funds often do not meet NASD qualifications.
"Non-published (mutual funds) have been notoriously difficult to track down in the past," said Neil Edelstein, Muller president.
