Five of Ohio's largest public pension funds called on the SEC to require mutual funds and investment managers to disclose transaction costs and soft-dollar fee arrangements. In a letter dated Wednesday to SEC Secretary Jonathan G. Katz, the executive directors of the five Columbus-based funds — the Highway Patrol Retirement System, the Public Employees Retirement System, the Police and Fire Retirement System, the School Employees Retirement System and the Public Employees Deferred Compensation Program — applauded the SEC's efforts to improve mutual fund disclosure. The funds, which together have $75 billion in assets, also called on the commission to require broker-dealers to disclose the share of commissions charged for trade execution and for non-execution services such as proprietary stock research.
Ohio funds ask for more mutual fund disclosure
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