In 1998, the SEC required that portions of mutual fund prospectuses must be written in easily understood "plain" English.

Question

Quizplus · Accepted Answer

This statement is true. In 1998, the SEC implemented the Plain English Rule, which required mutual fund prospectuses to be written in clear and concise language that the average investor could easily understand. The goal was to improve transparency and help investors make informed decisions.

In 1998, the SEC Required That Portions of Mutual Fund