MUTUAL FUND PURCHASE FEES:ARTHUR LEVITT

From: Congressional Testimony | Date: September 29, 1998 | Copyright information

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TESTIMONY OF ARTHUR LEVITT, CHAIRMAN U.S. SECURITIES AND EXCHANGE COMMISSION

September 29, 1998

Chairman Oxley, Representative Manton and Members of the Subcommittee:

I appreciate the opportunity to appear before this Subcommittee to testify on behalf of the Securities and Exchange Commission ("Commission) concerning two key issues for investors--the level of transparency in the United States debt market and mutual fund fees and expenses. I will begin with a discussion of debt market transparency.

I. DEBT MARKET TRANSPARENCY

A. Introduction and Summary The ...

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