Market Pulse: SEC Adds Four Members to the Committee That Shapes Investor Protection Rules (2026-06-04)

Location: Market Pulse: SEC Adds Four Members to the Committee That Shapes Investor Protection Rules

What was wrong: The fee-disclosure Real Cost example stated that a 0.50 percentage point expense-ratio drag on a $50,000 balance costs approximately $38,000 over 30 years.

What it now says: Recomputed under the site's Real Cost convention, where a $50,000 lump sum compounds annually at the net rate (7% minus the expense ratio), the 30-year difference between a 6.95% and a 6.45% net return is about $49,000. The four-year figures in the same example are unchanged.

Why it was wrong and how it was caught: The original 30-year figure understated the compounded difference. Caught during the same Real Cost number audit on June 4, 2026 that corrected the private-markets fee-drag example, applying the same locked convention.

Primary source: SEC Investor.gov compound interest calculator (https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator)