Disclosure. Money.cnn reports that the SEC is investagating two former Putnam managers, who were charged with civil fraud during the fund scandal, due to their lavish compensation in 2000. They are also considering new regulations that would require additional disclosures of information, such as how pay is tied to fund management.

Robin Thurston, global research director at fund-tracker Lipper Inc., said that the disclosure -- among the first in what could be many in various court proceedings in the mutual-fund scandals -- could spur calls for more disclosures of fund-manager pay. The SEC is now considering rules that would require more information, such as how pay is tied to fund performance, but not dollar amounts. The agency argues that overall management fees paid to a mutual fund represents enough dollar disclosure. For the most part, the industry agrees.