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Mutual Funds
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SUBSCRIBER EXCLUSIVE
The watchdog that didn't bark
Will recent mutual fund reforms make your money safer? Don't count on it.
September 14, 2004: 5:36 PM EDT
By Jason Zweig, MONEY Magazine

NEW YORK (MONEY Magazine) - Ever since September 2003 -- when New York State attorney general Eliot Spitzer exposed chronic corruption in the mutual fund business -- legislators, regulators and the media have been spewing out plans to fix the way that funds are run.

In the latest move, this summer the Securities and Exchange Commission (the primary federal regulator of mutual funds) created new rules for the boards of directors who oversee the $7.6 trillion that Americans have entrusted to more than 8,000 funds.

Will these reforms make your money safer?

Continued...  Top of page


--*Disclaimer
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS.
© 2013 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .