kaal:claim:2811729-040
The absence of any current requirement to present unconstrained portfolio risks in detail raises the question whether unconstrained mutual fund prospectuses provide the adequate, accurate, and explicit information required by Section 1(b)(1) of the Company Act.
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seems to raise the question of whether UMF prospectuses at present provide "adequate, accurate, and explicit information, fairly presented, concerning the character of [mutual fund] securities," as required by Section 1(b)(1) of the Company Act.
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failuresupport: arguedfailure: Prospectus may not meet the statutory adequacy standardfamily: disclosure-ineffectivenesssecurities-lawdisclosure
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