The Securities and Exchange Commission's new rule to beef up the independence of mutual fund boards represents an industry defeat.
The SEC creates rules that help mutual fund boards
Mutual fund boars are hurt by SEC rules
( z1 create :ARG0 ( z2 government-organization :name ( z3 name :op "SEC" ) ) :ARG1 ( z4 rule :ARG0-of ( z5 help :ARG1 ( z6 board :mod ( z7 fund :mod ( z8 mutual ) ) ) ) ) )