On August 23, 2010, CFP Board submitted a comment letter in response to the SEC’s comment period on the proposed amendments to rule 482 under the Securities Act of 1933 and rule 34b-1 under the Investment Company Act of 1940, recommending that target date funds’ advertising and marketing materials have better disclosure, provide more specific information about their glide path and asset allocation, and include greater descriptions of asset classes.
Read CFP Board’s letter (PDF, 133KB)
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CFP Board, the Financial Planning Association®, and the National Association of Personal Financial Advisors are working together as the Financial Planning Coalition to pursue consumer protection and industry reform.
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