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2011-08-31 — nationalmortgagenews.com
The Securities and Exchange Commission believes that mortgage real estate investment trusts are beginning to look more like mutual funds and has initiated a review of their exemption from the Investment Company Act. At a Wednesday meeting, the commission agreed to solicit public comment in similarities and differences between mortgage REITs and mutual funds. ... SEC chairman Mary Schapiro noted that the commission has not reviewed the status of mortgage REITS in relation to the ICA since 1960. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |