The last thing investors need is every fee being litigated in court. The lawsuit aims at overturning the way investment managers of mutual funds are paid. By law in 1940, and again in 1970, Congress said independent directors... [read full story]
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The Thrift Savings Plan now has authority to add mutual funds to its line-up of investment alternatives for federal employees. "We believe that in almost every case, federal employees who would choose to utilize this mutual...
"Justices Scrutinize Adviser Pay": Adam Liptak has this article today in The New York Times. Today in The Washington Post, Robert Barnes reports that "Justices tackle case on investment fees; Court seems disinclined to tighten...
Did the addition of Supreme Court Justice Sonya Satamayor make the court friendlier to investors? That question should be answered shortly as the Supreme Court decides the case of “Jones v. Harris Associates,” which could...
By Ben Baden Posted: November 3, 2009 Some mutual fund investors fed up with what they believe to be excessive fees had their day in court Monday—the Supreme Court. Harris Associates, retail shareholders of Oakmark Funds said...
It's fun writing about Wall Street's greedheads and tax dodgers. But every once in a while, I get to write about something positive -- and unpublicized -- that some Wall Street types have done. Today's reversal of the Street's...
What impact will the high-profile Supreme Court case involving mutual fund fees have on individual investors? Not much, according to experts. The Supreme Court heard oral arguments in the case, Jones vs. Harris Associates, on...
Filed under: Scandals , Mutual funds , Headline news Investors are calling for an inquiry into mutual fund fees, but the Supreme Court is reminding them that it isn't beholden to public opinion. The mutual fund industry is...
You Don't Need to Wait for the Supreme Court's Help: Pull Your Money Out of Mutual Funds That Charge Too Much in Fees Don't wait for the U.S. Supreme Court to act; take matters into your own hands. The Supreme Court is hearing...
WASHINGTON (AP) -- Several Supreme Court justices seemed unsympathetic Monday to calls for the courts to get involved in reining in what investors are calling "excessive" fees on mutual funds, a popular investment vehicle for...
The U.S. Supreme Court heard a case Monday involving one Chicago investment firm, but affecting the savings of 91 million Americans. That's how many people, about half of U.S. households, have money invested in mutual funds....
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