It's been a rocky year for the Securities and Exchange Commission's rule adopted to cut down on market-timing, which isn't illegal but can be costly for shareholders. The SEC has received numerous complaints of the expense and administrative problems with implementing the rule, which calls for a 2% fee on redemptions made within seven days. The SEC has now posted on its Web site the results of its tinkering with the rule, which is set to go into effect Oct. 16. Among the changes, the SEC would drastically reduce the number of information-sharing agreements required of fund companies that identify market-timers. Under the original proposal, the number of intermediaries involved would number in the thousands; under the new proposal, the definition of intermediary has "been narrowed in a practical way," Paul Schott Stevens, president of the Investment Company Institute, who welcomed the SEC's move, in an interview with Dow Jones Newswires.