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SEC Cleanup of Mutual Funds Leaving Little Guys Out in the Cold?
BusinessWeek
Dec. 16, 2003 Excerpt: Consumer advocates and 401(k) retirement-plan sponsors fear that small investors will be denied the most up-to-date prices on funds, get hit with new fees -- and still won't be told what it costs them to own mutual funds. 'The SEC is punishing the innocent to prevent abuses by a few insiders,' fumes David L. Wray, president of the Profit Sharing/401(k) Council of America. The SEC needs to rethink its approach on three fronts: ... MORE >> |
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