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SEC says taking “close look” at #zombie funds

Reuters – U.S. regulators are looking at so-called #zombie funds where money managers continue to get paid from investors even though the fund is essentially inactive, a top Securities and Exchange Commission official said on Sunday.

“We are going to take a close look at that and see whether or not there’s a problem,” Robert Khuzami, the SEC’s enforcement director, said on C-Span television.

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