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Is Your Mutual Fund Charging Too Much? From Smart Money

#1 User is offline   tony 

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Posted 20 March 2009 - 07:43 AM



http://www.smartmoney.com/Investing/Mutual...Much/?hpadref=1
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#2 User is offline   sschullo 

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Posted 20 March 2009 - 04:46 PM

Hi Tony,

“Congress can talk about fiduciary responsibility as much as it wants," said Mercer Bullard, a mutual fund shareholder advocate and securities law professor at University of Mississippi. "But Easterbrook’s decision says that a fee that is set in a competitive marketplace, by definition, can not be excessive.”

I ran across Mercer Bullard's website several years ago. He is a good advocate in this area.

I am going to join his organization.

Steve
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