Google’s identity problem: The SEC thinks it’s a mutual fund (Minneapolis-St. Paul Star Tribune)
Google’s identity problem: The SEC thinks it’s a mutual fund (Minneapolis-St. Paul Star Tribune)
Google has been called many things, from the world’s greatest search engine to the next mega-media giant to the best new stock to hit the market in decades. But no one has called Google the stock equivalent of a balanced mutual fund. No one except the government, that is. In the eyes of the Securities and Exchange Commission (SEC), Google might actually be a mutual fund, and not a stock at all.